Wong Chuk Hang

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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New Business

New World faces risk of mounting losses amid Hong Kong property slump

Echo Huang Shaomei, the newly appointed CEO of heavily indebted New World Development (NWD), is facing a host of formidable…

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New Business

Hong Kong’s 2024 property slump feels like it’s 1997 all over again – or is it?

That was just the start. CK Asset, known as Cheung Kong Property Holdings until it was renamed, would later send…

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