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    825   KYG650071098

NEW WORLD DEPARTMENT STORE CHINA LIMITED

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New World Department Store China Limited Announces Board Changes, Effective May 13, 2021

05/12/2021 | 06:53am EST

The Board of New World Department Store China Limited announced the changes in the directorships of the Company and the composition of the committees of the Board: Dr. Cheng Kar-shun, Henry, a non-executive Director and the Chairman, has tendered his resignation as a non-executive Director and the Chairman with effect from 13 May 2021; Dr. Cheng Chi-kong, Adrian, an executive Director, has been re-designated as a non-executive Director and appointed as the Chairman with effect from 13 May 2021; Ms. Chiu Wai-han, Jenny has been appointed as a non-executive Director with effect from 13 May 2021; and Dr. Cheng Chi-kong, Adrian will cease to be the chairman of the Executive Committee and a member of the Nomination Committee and Mr. Cheung Fai-yet, Philip will be appointed as the chairman of the Executive Committee and a member of the Nomination Committee with effect from 13 May 2021. Ms. Xie Hui-fang, Mandy has been appointed as an executive Director and the Joint Chief Executive Officer with effect from 13 May 2021.


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Financials
Sales 2021 2 283 M 293 M 293 M
Net income 2021 -229 M -29,4 M -29,4 M
Net Debt 2021 4 858 M 623 M 623 M
P/E ratio 2021 -11,0x
Yield 2021 -
Capitalization 2 023 M 260 M 260 M
EV / Sales 2020 2,98x
EV / Sales 2021 3,23x
Nbr of Employees 2 844
Free-Float 25,0%
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Managers and Directors
Fai Yet Cheung Joint Chief Executive Officer & Executive Director
Hui-Fang Xie Joint Chief Executive Officer & Executive Director
Chi Kong Cheng Chairman
Ying Chew Cheong Independent Non-Executive Director
Yiu Tong Chan Independent Non-Executive Director