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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.
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Cheah Cheng Hye, cofundadora del Grupo Value Partners, dimitirá en enero debido a que GF Securities se convirtió en el mayor accionista, con Louis So también saliendo; estos cambios se alinean con las estrategias de expansión de los corredores chinos.