Echo Huang Shaomei

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Adrian Cheng invests in medical equipment firm in first bet after exit as New World CEO

Adrian Cheng Chi-kong, the former CEO of New World Development (NWD), bought HK$20 million (US$2.57 million) worth of convertible bonds…

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New Business

Hong Kong developer New World plans to launch ‘Front Tower’ office building in Hangzhou

NWD, one of the most indebted developers in Hong Kong, said on Monday that it planned to launch Front Tower,…

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New Business

New World Development reports losses as debt ratio worsens amid property slump

New World Development (NWD), controlled by Hong Kong’s third-richest family, reported weaker interim results in its underlying property business, suggesting…

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New Business

Hong Kong homebuyers flock to NWD’s State Pavilia project amid ‘attractive’ pricing

The latest residential project of New World Development (NWD) received a warm reception on Saturday, as Hong Kong homebuyers snapped…

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New Business

Hong Kong’s NWD raises prices for State Pavilia flat sale amid ‘enthusiastic’ interest

New World Development (NWD) raised prices for a new batch of units in a sought-after residential project on Hong Kong…

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New Business

Hong Kong developer’s default could send shock waves through property market: S&P

The default of a major Hong Kong property developer could send shock waves through the broader sector and scuttle a…

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New Business

CEO of Hong Kong’s NWD buys company-built flat for US$6.4 million

Echo Huang Shaomei, the recently appointed CEO of heavily indebted builder New World Development (NWD), bought a flat for more…

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New Business

Hong Kong developer NWD’s shares slump amid slow progress on cutting debt

New World Development (NWD) shares are down nearly 30 per cent since a new CEO was appointed in November and…

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New Business

New World to keep focus on corporate strategy as stock slumps amid debt troubles

New World Development (NWD) said it will continue to focus on implementing its existing corporate strategy amid concerns about its…

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New Business

New World loses more market value as developer strives to contain debt crisis

New World Development (NWD) can’t seem to catch a break. Two rounds of top management shake-up to tackle its debt…

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