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New World Department Store China Limited ( (HK:0825) ) just unveiled an update.
New World Department Store China Limited has announced a significant leadership reshuffle effective 9 January 2026, highlighted by the retirement of chairman and executive director Philip Cheung Fai-yet, who is stepping down for personal reasons and relinquishing his roles on key board committees and as authorised representative. The board has appointed veteran Hong Kong tycoon Dr. Henry Cheng Kar-shun, chairman of New World Development and a major figure within the Cheng family’s business empire, as the new chairman and executive director, with a three-year term and a seat on the executive committee, signaling closer alignment with the group’s strategic direction. Echo Huang Shaomei has been named vice-chairman, executive director and chair of the executive committee, while Mandy Xie Hui-fang will remain on that committee but no longer chair it, and several other executive directors have been added to the nomination and remuneration committees, alongside a new authorised representative appointment. These moves consolidate leadership under the New World and Chow Tai Fook family interests and may strengthen governance and coordination within the group’s retail operations in mainland China, with implications for strategic integration and oversight across the wider New World Development network.
The most recent analyst rating on (HK:0825) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on New World Department Store China Limited stock, see the HK:0825 Stock Forecast page.
More about New World Department Store China Limited
New World Department Store China Limited operates department stores in mainland China under the broader New World Development Group, focusing on retail operations within the Chinese consumer market and leveraging the group’s wider property and retail ecosystem in Hong Kong and the mainland.
Average Trading Volume: 367,018
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$455.3M
For detailed information about 0825 stock, go to TipRanks’ Stock Analysis page.