New World Development news

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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. The company is publicly listed on the Stock Exchange of Hong Kong Limited since 23 November 1972 and was formerly a constituent stock of Hong Kong Hang Seng Index.

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1 event, reported by media in 2 countries

Latest news

economy8 h ago

New World Development’s REIT spinoff approved by Shanghai Stock Exchange

Shanghai Stock Exchange approved the spin-off and listing of New World Development's REIT for an offering size of 3.82 billion yuan (about US$570 million). The approval follows NWD’s plan to spin off K11 Shanghai assets, with expected net proceeds around 3.24 billion yuan.

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New World Development’s REIT spinoff approved by Shanghai Stock Exchange

Shanghai Stock Exchange approved the spin-off and listing of New World Development's REIT for an offering size of 3.82 billion yuan (about US$570 million). The approval follows NWD’s plan to spin off K11 Shanghai assets, with expected net proceeds around 3.24 billion yuan.

economy8 h ago