New World Development Co. suspended trading of its shares in Hong Kong following reports that CEO Adrian Cheng is expected to step down amid significant financial losses. The company anticipates posting a loss of up to HK$20 billion (approximately US$2.6 billion) for the financial year ended June, marking its largest loss since its founding over fifty years ago. Cheng's potential resignation is notable given the family's long-standing control of the company and the planned successions in Hong Kong's property sector. This leadership change comes as the company faces pressure to raise cash, potentially leading to asset sales to avoid liquidity issues. Trading of New World Department Store China Ltd. has also been halted, as both firms prepare to release information related to these developments. The situation raises concerns about the future stability of the Cheng family's business empire, which spans multiple industries.