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SHKP’s earnings drop as slowdown erodes asset value amid dampened sentiment

Sun Hung Kai Properties (SHKP), Hong Kong’s biggest developer by market value, said interim profit fell by almost a fifth…

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New Business

Hong Kong developer New World claims ‘business as usual’ amid default rumours

Embattled Hong Kong developer New World Development (NWD) said Thursday night that it will continue to prioritise real estate development…

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New Business

BrainAurora shares trade flat in Hong Kong debut, as city eyes IPO crown in 2025

Shares of BrainAurora Medical Technology, a provider of medical diagnostics and digital therapies, traded flat in their Hong Kong debut…

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New Business

Hopewell, top landlord in Wan Chai, ventures into hotel in bet on tourism, conference demand

Hopewell Holdings, one of the largest commercial landlords in Wan Chai district, is banking on its new hotel venture to…

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New Business

New World Development names Huang Shaomei CEO as Eric Ma steps down after 2 months

New World Development (NWD)’s CEO Eric Ma Siu-cheung has stepped down barely two months after assuming the top job, leaving…

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New Business

Shimao’s losses spike 90% as embattled developer is gripped by China’s property downturn

Losses at Shimao Group Holdings, the embattled mainland Chinese developer, jumped nearly 90 per cent in the first half as…

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New Business

China Resources Land posts record decline in its interim profit amid housing market torpor

China Resources Land (CR Land) has reported its worst interim profit drop on record, as the torpor in the nation’s…

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New Business

Bankruptcy proceeding against Evergrande unit to proceed, liquidators say

A bankruptcy filing against a Guangzhou-based unit of collapsed developer China Evergrande has been accepted by a mainland China court,…

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New Business

Samsonite to pursue dual listing in US, implement US$200-million share buy-back

Luggage maker Samsonite International has decided to pursue a second stock listing in the United States, its single-biggest market by…

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New Business

Chinese developer Agile’s chairman Chen Zhuolin sells Hong Kong flat at 54% loss

The chairman of distressed Chinese developer Agile Group Holdings has sold a property in Hong Kong at less than half…

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