Deputy Chairman, ESPRIT
Independent Non-Executive Director of Esprit since November 2002; became Deputy Chairman of the Company effective in 2008. Chairman of The Link Management, which manages a portfolio of assets valued at over HK$30 billion. (The privatisation in November 2005 was the world’s largest Real Estate Investment Trust (REIT) IPO).
Active in private equity across Asia, including roles as Chairman of the China High Growth Fund and Vietnam Infrastructure Limited. In Hong Kong, Cheng is Honorary Steward of the Hong Kong Jockey Club, Club, a US$10 billion organization which recycles its profit to charity and community projects.
Past Hong Kong roles also include being Chairman of both the American Chamber of Commerce and the Hong Kong General Chamber of Commerce. Former Chairman of Inchcape Pacific Limited, a major trading conglomerate employing over 6,000 people throughout Asia, and N.M. Rothschild & Sons (Hong Kong) Ltd.
Toyota Motor Corp., whose Camry sedan has been the top-selling U.S. car for the last 12 years, will debut a refreshed model of the car next month as Ford Motor Co. and Japanese rivals gain on the perennial leader.
Vidrul SA, an Angolan glass bottlemaker controlled by Castel Group Ltd., may double revenue this year as beverage companies from China, Lebanon and South Africa start local factories to avoid customs tariffs.
Esprit Holdings Ltd. said it’s uncertain about the company’s second-half performance after rebounding from a year-earlier loss to post a profit in the fiscal first half. Shares dropped the most in five months.
Wealthy Democratic environmentalists are considering withholding support for a 2016 Hillary Clinton presidential bid unless she reassures them about their top priority: Killing the Keystone XL pipeline.
The Federal Reserve will release minutes from its Jan. 28-29 meeting, the last presided over by former Chairman Ben S. Bernanke and at which policy makers further reduced the central bank’s record stimulus.