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New World Development Co Ltd

  • Wednesday, 2 July, 2025
    Hong Kong property group’s shares jump after $11bn debt deal

    New World Development stock price rises 11% on first trading day since refinancing support secured

    The 11 Skies retail and office complex near Hong Kong International Airport, featuring a modern design with illuminated signage and the surrounding area with ongoing construction work and barriers and vehicles on the road
  • Thursday, 26 June, 2025
    The Hong Kong property developer rushing to refinance billions of dollars in loans

    New World’s negotiations with banks come after years of ambitious debt-fuelled expansion

    Adrian Cheng is seen in front of the 11 Skies retail and commercial project building, with a financial chart overlayed on the image. The background is tinted pink.
  • Friday, 27 September, 2024
    New World shares soar after Hong Kong property scion Adrian Cheng steps down

    Developer reports $2.5bn loss amid property slump

    Adrian Cheng standing outdoors in front of a concrete structure at the State Theatre in Hong Kong. He is wearing a light-coloured suit and glasses
  • Thursday, 26 September, 2024
    LexHong Kong
    There is no quick recovery from Hong Kong’s property slump Premium content

    Despite last week’s interest rate cut, new home sales have only fallen further

    Tourists relax by the Victoria Harbour waterfront in Hong Kong
  • Friday, 13 September, 2024
    News in-depthCorporate Person in the News
    Adrian Cheng: Hong Kong’s third-generation property scion under pressure

    New World Development chief confronts prolonged real estate slump and succession speculation

    Adrian Cheng standing outdoors in front of a concrete structure at the State Theatre in Hong Kong. He is wearing a light-colored suit and glasses.
  • Monday, 2 September, 2024
    Hong Kong property developer warns of first annual loss in 20 years

    New World Development shares closed down 13%

    The image shows K11 Atelier King's Road, a modern office tower developed by New World Development, located in North Point, Hong Kong, China. The building features a distinctive design with greenery on its lower levels and glass panels on the upper floors. Surrounding the tower are various other high-rise buildings and a few vehicles on the street.
  • Monday, 9 October, 2023
    Hong Kong economy
    Hong Kong developers hit by Fed’s ‘higher for longer’ interest rates

    Five of the territory’s biggest real estate companies have lost $20bn in market value this year

    People with their backs to the camera look at Hong Kong’s Victoria Harbour at night. Lit up skyscrapers can be seen in the distance
  • Monday, 10 April, 2023
    News in-depthHong Kong economy
    Hong Kong’s richest families hit by property slide

    Beijing’s increased control of former British colony has chipped away at power of territory’s tycoons

    Victor Li of CK Asset
  • Sunday, 28 August, 2022
    InterviewChinese business & finance
    Hong Kong tycoon calls bottom of China’s property slump

    Adrian Cheng says his New World Development group will spend $1.5bn to buy land in the next year

    Adrian Cheng of New World Development
  • Tuesday, 5 November, 2019
    Business InsightHenny Sender
    Landscape is shifting for Hong Kong’s bloated property giants

    Widening focus of protests highlights stasis of sector out of step with the times

    A graffiti that reads "#Free HK" adorns the side of a bypass near a housing estate in the Tai Koo Shing area in Hong Kong on November 3, 2019. - A bloody knife fight in Hong Kong left six people wounded on November 3 evening, including a local pro-democracy politician who had his ear bitten off, capping another chaotic day of political unrest in the city. (Photo by VIVEK PRAKASH / AFP) (Photo by VIVEK PRAKASH/AFP via Getty Images)
  • Friday, 18 October, 2019
    LexHong Kong
    Hong Kong apartments: gnatty dread Premium content

    Investing in city’s developers could be key for ordinary Hong Kongers seeking a home

  • Wednesday, 11 October, 2017
    Property sector
    Hong Kong leader outlines homeowner scheme in first policy address
  • Wednesday, 11 October, 2017
    Asia-Pacific equities
    Asia equities higher as Tokyo stocks’ rise slows
  • Friday, 8 September, 2017
    Property sector
    Sino Land jumps 5.2% on sale of stake in Chengdu development
  • Monday, 31 July, 2017
    Telecoms
    Li Ka-shing agrees $2bn Hutchison fixed-line business sale

    I Squared beats rival US private equity suitors in rush for fibre-optic network

    Billionaire Li Ka-shing, chairman of CK Hutchison Holdings Ltd. and Cheung Kong Property Holdings Ltd., speaks during an interview in Hong Kong, China, on Thursday, June 16, 2016. Hong Kong's richest man stepped up his calls for Britons to vote in favor of staying in the European Union as the world braces for the outcome of this week's vote. Photographer: Justin Chin/Bloomberg
  • Wednesday, 7 June, 2017
    Property sector
    New World Development to take department store unit private for $120m
  • Wednesday, 22 February, 2017
    Property sector
    Hong Kong property stocks rise on city’s budget announcement
  • Tuesday, 8 November, 2016
    Property sector
    HK developers recovering from post-stamp duty tumble
  • Monday, 7 November, 2016
    Property sector
    Stamp duty increase hammers HK property stocks
  • Friday, 30 September, 2016
    ObituaryAsia-Pacific companies
    Cheng Yu-tung, Hong Kong tycoon, 1925-2016

    Founder of New World Development and Chow Tai Fook jewellery chain

  • Friday, 30 September, 2016
    Asia-Pacific companies
    HK tycoon Cheng Yu Tung dies aged 91
  • Monday, 21 March, 2016
    Property sector
    New World Development gains backing for $2.8bn subsidiary offer

    Latest bid for New World China Land receives approval from about 97% of shareholders

    Hong Kong tycoon Cheng Yu-tung poses during a news conference in Hong Kong September 20, 2011. Cheng, chairman of Hong Kong's largest jewellery retailer Chow Tai Fook, expects Chinese demand for jewellery to remain robust despite global economic jitters, because of the rising spending power of mainland consumers and their desire to buy into the luxury sector. China's economy remained stable in the face of global uncertainties and there was therefore unlikely to be any impact on demand for jewellery, the spry octogenarian told Reuters in a rare interview. To match INTERVIEW CHOWTAIFOOK/ REUTERS/Bobby Yip (CHINA - Tags: BUSINESS SOCIETY WEALTH) - RTR2RKXL
  • Wednesday, 6 January, 2016
    Currencies
    China worries keep risk aversion elevated

    Oil slide and N Korea test heighten anxiety

  • Wednesday, 6 January, 2016
    Property sector
    HK’s New World offers $2.8bn to buy out China property unit

    Deal aims to skirt arcane voting rule that scuppered last attempt 18 months ago

    Pedestrians walk on a footbridge in front of Chater House and World Wide House in the central business district of Hong Kong
  • Wednesday, 6 January, 2016
    World
    New World China shares jump 20%
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