A set of top level moves at Hong Kong-listed mainland China developers leads Mingtiandi’s regional personnel roundup this week, with China New Town Development and China Resources Land naming new board members, and Fosun Tourism has also added a new director. Sun Hung Kai Properties makes it onto the list as it reshapes its data centre division and China Oceanwide runs into still more trouble.
China New Town Development Company informed the Hong Kong stock exchange on 23 December that its chief executive, Liu Heqiang, has resigned and will be leaving the company with effect from that same day. Liu, who has been CEO of the mainland developer controlled by China Development Bank International Holdings since 2014, is also stepping down as an executive director of the company. With Liu said to be departing due to work arrangements, Hu Zhiwei has been appointed as interim chief executive and Liu Fangqing has joined the board as an executive director.
China Resources Land reported to the Hong Kong bourse on 22 December that Zhang Liang has retired from his role as a non-executive director of the company from that date. Now 59, Zhang had taken on his director role in October of 2021 after having previously served with China Resources Group since 1994, including working since 2014 as a senior vice president at China Reources Cement, as well as having previous experience with the company’s Snow Beer division.
Fosun Tourism announced to the Hong Kong stock exchange on 22 December that He Jianmin, now 65, has been appointed as an independent, non-executive director on the board of the unit of Shanghai’s Fosun Group from 19 December. Currently a professor of tourism management with the College of Business at the Shanghai University of Finance and Economics, He has more than 20 years of experience teaching about tourism management.
The Shenzhen Stock Exchange announced on 22 December that it would be publishing a statement criticising Oceanwide Holdings chairman Luan Xianzhou, along with the company as a whole, for failing to follow through on a plan announced in the first quarter of last year to spent at least RMB 300 million buying back shares within 12 months. By the end of August this year, Oceanwide, which has repeatedly defaulted on bond obligations, had spent a reported RMB 1.14 million buying back shares.
SUNeVision Holdings informed the Hong Kong stock exchange on 22 December that Fiona Lau Yeuk-hung, who serves as chief commercial officer of the data centre developer, will be stepping down from her role from 15 February to take on a new position as chief executive officer and executive director of sister company SmarTone Communications. With both SUNeVision and SmarTone operating as divisions of Sun Hung Kai Properties, Lau, now 40 will shift from her executive director role to a non-executive director position with SUNeVision as part of the transition.
Eva Zhang has joined The Executive Centre in Hong Kong as regional director for business development in Hong Kong, Taiwan and Macau, according to a LinkedIn update. Zhang rejoins The Executive Centre after a short stint at CBRE in Shenzhen this year. Earlier Zhang had served as a general manager for Hong Kong with flexible office operator the Great Room and also was with The Executive Centre from 2016 through 2019.
Daisy Ng has joined CapitaLand in Singapore as a senior manager with the leasing team looking after the company’s business park and industrial business. Ng made the move to Southeast Asia’s largest real estate firm after more than seven years with AIMS APAC REIT in the city, where she had served most recently as a senior manager for marketing and leasing. The National University of Singapore graduate also has previous experience with Colliers in the city.
If you know of other Asia real estate professionals changing their jobs, getting promoted or just doing something exciting, please contact us here at Mingtiandi.