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New World Development is a leading property developer in Hong Kong, with diverse businesses in property, department stores, hotels, residences and more. It aims to create and orchestrate creativity and social innovation for the next generation.
New World Development Company Limited (NWD), is a Hong Kong-based company focused on property, hotels, infrastructure and services and department stores. It was established on 29 May 1970 by Cheng Yu-tung.
- 29 May 1970
- HK $59,6 billion (as of financial year 2016)
- About 50,000 people (as of financial year 2014)
Jun 27, 2023 · New World Development (NWD) is set to bag as much as HK$21.78 billion ($2.78 billion) from the sale of a construction subsidiary to its major shareholder, in a buyout deal that would help it...
Jun 27, 2023 · New World Development will receive about HK$21.8 billion from the shares disposal. Chow Tai Fook Enterprises may exercise its right to take NWS private if certain conditions are met,...
A premium brand infused with a unique personality, New World Group’s core business areas include investment in property and property development, and investment in and/or operation of hotels and other strategic businesses.
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Jan 19, 2024 · New World Development Co. and Abu Dhabi’s sovereign wealth fund are planning to refinance a HK$9.25 billion ($1.2 billion) syndicated loan that’s related to the acquisition of three luxury...
Mar 1, 2024 · New World Development Co. sold a shopping mall for HK$4.02 billion ($514 million) as part of its plan to improve financial health by offloading non-core assets.
