Analysts predict that it will be relatively difficult for New World to convince the market of its new personnel changes in the short term – RTHK

New World Development Changes Leadership

New World Development announced the resignation of CEO Ma Shaoxiang. Huang Shaomei will take over as CEO and oversee both Hong Kong and mainland operations.

Group chairman Cheng Jiachun stated that the company needs to adjust its leadership to align with its development goals. He emphasized the importance of making timely changes at the executive level.

Chen Zhengshen, an executive director at Aide Financial, highlighted the market’s concern regarding the challenges the new CEO will face. These challenges include restructuring the business, addressing debt issues, and rebuilding market confidence.

Chen believes that new leadership can benefit the company’s long-term growth but cautioned that gaining market trust in the short term may be difficult. He expressed skepticism about whether new management can quickly generate positive momentum for the company’s stock performance.