Ailing founder of New World stable, says Lee Shau-kee

Henderson Land Development chairman Lee Shau-kee said his ageing peer Cheng Yu-tung's condition is stable.

"(Cheng) is good," he said.

Cheng, the founder of New World Development, was admitted to hospital last month, just six months after he retired as chairman and executive director of New World Development. He remains there.

"I hope he can get well soon," said Lee, adding that Cheng needed to rest and this was not a good time to visit him.

via Business feed http://www.scmp.com/business/companies/article/1062075/ailing-founder-new-world-stable-says-lee-shau-kee