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.
Oxford Immunotec Global Plc, a U.K. maker of a test for latent tuberculosis, raised $64.3 million in a U.S. initial public offering today, adding fuel to a rebound in listings this year among European biotechnology companies.
Hong Kong stocks rose, with the city’s benchmark index climbing by most in almost two months, amid earnings optimism and as investors await the outcome of the Federal Reserve’s policy meeting concluding today.
Esprit Holdings Ltd., the apparel seller whose two top executives quit last year, said Chief Product and Design Officer Melody Harris-Jensbach will leave the company on Oct. 31, after two years in the position.
Inditex SA has become the global leader of fast fashion by getting clothing inspired by the runway to its racks in a matter of weeks. Esprit Holdings Ltd., apparently deciding the best way out of a slump was to emulate that strategy, yesterday snagged a key Inditex executive.
The following companies may have unusual price changes in Japanese trading tomorrow. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut unless stated otherwise.