Hong Kong's Billionaire Cheng Family To Buy Out New World's Industrial Flagship For Up To $4.5 Billion
The private investment company of Hong Kong’s billionaire Cheng family, Chow Tai Fook Enterprises, proposed on Tuesday a buyout of up to HK$35.5 billion ($4.5 billion) for NWS Holdings, the infrastructure arm of the family’s property giant New World Development.
Source: forbes.com