New World Development

New Business

China property flare-ups resurface as crisis enters fifth year

One of China’s leading developers is now on authorities’ radar for default risk. A major Hong Kong builder is asking…

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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

Mystery big spender snaps up 26 Hong Kong flats for HK$150 million in 1-day shopping spree

A mystery buyer splurged HK$150 million (US$19.3 million) to snap up 26 new flats in Hong Kong’s Kai Tak district…

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Hong Kong stocks fall from 3-week high as China-US tensions suppress risk appetite

Hong Kong stocks retreated from a three-week high as heightened geopolitical tensions dented investors’ risk appetite. The Hang Seng Index…

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New World CEO Huang has task cut out to set Hong Kong developer’s house in order

The “unexpected” appointment of Echo Huang Shaomei as the new CEO of New World Development (NWD) has raised concerns about…

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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

New World Development sells Hong Kong sports park stake to parent to tackle debt

New World Development (NWD) has sold its stake in Hong Kong’s largest sports infrastructure project to parent Chow Tai Fook…

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New Business

Hong Kong stocks trade close to 2-month low, New World drops on Hang Seng removal

Hong Kong stocks hovered around a two-month low in light trading, as investors stayed on the sidelines due to a…

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New Business

New World Development loses blue-chip status in ejection from Hang Seng Index

The city’s most indebted home builder joined the HSI in 1973, just a year after it went public. It was…

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New Business

Chow Tai Fook Enterprises appoints 3 co-CEOs with diversified experience to lead growth

Chow Tai Fook Enterprises (CTFE), the investment holding company of the Cheng family, said on Friday that it has set…

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