02-MAR-1990 19:42
GOVERNMENT SECRETARIAT.
Age : 65
མ་
CHENG Yu-tung
Principal Title
Chairman, New World Development
Estimated Wealth : HKS 11 billion
852 521 7058
P.28
Distribution of Assets :
Mr. Cheng holds 43% of New World Development, 31% of New World Hotels, 28% of Melbourne Investment, 10% of STDM Tours. 9% of Semi-tech micro-electronics and 50% of Asia Television. He has also invested in Shu Tak Anterpricoc and many private properties in Hong Kong.
As far as overseas investment is concerned, he is a principal shareholder of City Development* of Singapore and Concord Pacific of Canada.
CONFIDENTIAL