NWDS

A successor has been found. Following the resignation of CEO Adrian Cheng, the third-generation scion of the founding family, he is now likely to be replaced by the company's Chief Operating Officer.

Trading in the shares of $17 (-1,98 %) was resumed on Friday, September 27. The market sees the personnel change as a positive sign and the HangSeng share price rose to HKD 9.82 with a plus of (19.9%).

This gain was taken over after the stock exchange opened in Germany, so that the price slide to a value prior to the announcement of the high loss at the beginning of September was evened out and even almost reversed. $17 (-1,98 %) at the beginning of September and almost reached the level of the beginning of the year.

The investors of $17 (-1,98 %) and $825 will be pleased. In the past, share prices have tended to fall.

The trade of the $17 (-1,98 %) and the subsidiary $825 was suspended today. This surprise 😮 for investors was necessary because there were rumors that the CEO Adrian Cheng would resign.

Today, the earnings of

$17 (-1,98 %) were published today.

As already announced at the beginning of September, a loss of 20 billion Hong Kong dollars is expected. (The slide in the share price at that time as a reaction had convinced me to $17 (-1,98 %) to get in).

This is the first loss in the last 2 decades. The reason given is that NWD took on too many major projects at the same time, resulting in high write-downs.

It now remains to be seen who will take over from Adran Cheng and how the market will react to this news.

Trading is expected to resume on Friday, September 27. It remains exciting.