Gewinn & Umsatz News zur NEW WORLD DEVELOPMENT Aktie

 

New World Development (NWD), controlled by one of Hong Kong's richest families, reported losses for the second consecutive year even as its CEO assured shareholders that there was no need for “undue concern”. The developer, which has been battling liquidity problems for the past three years, said losses from continuing operations amounted to HK$16.3 billion (US$2.09 billion). This was more than 38 per cent higher than the HK$11.8 billion loss in the previous financial year from July 2023 to June......

New World Development (NWD) and CK Asset Holdings on Thursday became the first two developers to announce property sales after interest rates were lowered, with analysts saying the move would boost transactions but not prices due to elevated supply. NWD said all 120 units at House Muse in Kowloon City would go on sale on Friday. It is the first new residential project to be launched after the Hong Kong Monetary Authority (HKMA) cut rates for the first time this year, bringing down the cost of......

New World Development Co. is in talks with several potential investors including Blackstone Inc. and CapitaLand Group Pte. as the cash-strapped Hong Kong developer seeks to dispose of assets to improve liquidity, according to people familiar with the matter....

New World Development (NWD) is ramping up the delivery of residential projects in Hong Kong and mainland China after raising more than HK$13 billion (US$1.7 billion) from the sale of luxury flats in the city. The Hong Kong-based developer, which is undergoing the biggest debt workout in three generations of ownership by the Cheng family, will hold a ready-for-occupancy sale for The Pavilia Forest in Kai Tak in September, the company said on Thursday. “This quarter, three luxury residential......

Hong Kong developer New World Development (NWD) secured some much-needed financial relief by hitting a 2025 property sales target of HK$26 billion (US$3.3 billion) and winning a commitment from creditors to refinance HK$87.5 billion of its debt, people familiar with the matter said on Friday. With a strong sales response for its jointly owned Deep Water Pavilia project in Wong Chuk Hang on the south side of Hong Kong Island, NWD was expected to hit the contracted sales target for the financial......