On 7 Jan 2008, there was a rumour in the afternoon saying that the chairman of New World Development (0017) was seriously ill in hospital. At one point, the share price dropped more than 6% in 5 minutes. Journalists quickly called New World Development for clarification. Seeing that he had been badmouthed badly, Cheng came out of his office in New World Tower in Central and told people that he is super healthy! The share price then went back up 3% in the next few minutes.
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