Market Chatter: Value Partners Group Cofounder Plans Exit by End of 2024

MT Newswires Live09-03

Value Partners Group (HKG:0806) Cofounder Cheah Cheng Hye is set to leave the asset management company by January 2025, The Standard reported.

Cheah is also a co-chairman and co-chief investment officer.

Cheah's impending departure comes after GF Securities (HKG:1776, SHE:000776) purchased a 20.2% stake in Value Partners in June 2023, the report said.

Louis So Chun-ki, the other co-chief investment officer and former chairman, is set to depart by the end of 2024, The Standard said.

Shares in Value Partners slid 2% during Tuesday's afternoon trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (HKD): $1.33, Change: $-0.040, Percent Change: -2.92%

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