
PANews|Sep 25, 2025 13:33
[Chow Tai Fook Enterprises Co-CEO Adrian Cheng Clarifies: The Board Has No Plans to Develop Digital Currency or Stablecoins]
According to Aastocks, Adrian Cheng, who stepped down as CEO of New World Development last September, recently announced the establishment of a new company, 'Shanghe Development,' aimed at expanding into the digital and virtual asset sectors. His brother, Adrian Cheng Chi-Ming, Executive Director and Co-CEO of Chow Tai Fook Enterprises, stated at the earnings summary press conference that 'Shanghe Development is Adrian Cheng's private investment' and clarified that the Chow Tai Fook Enterprises board has no plans to develop digital currency or stablecoins.
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