Value Partners Group co-founder Cheah Cheng Hye to resign in January due to GF Securities becoming largest shareholder, with Louis So also departing; these changes align with Chinese brokerages' expansion strategies.

Cheah Cheng Hye, co-founder of Hong Kong's Value Partners Group, plans to resign by January following GF Securities becoming its largest shareholder with a 20.2% stake. Co-CIO Louis So will also depart by year-end. These leadership changes, marking a significant shift for Value Partners, align with Chinese brokerages' strategies to strengthen control over Hong Kong operations and expand internationally. Cheah will remain on the board after his exit.

September 02, 2024
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