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02.10.26 - 10:15
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Bain Capital Said to Assess Potential Investment in NWD (AAStocks)
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Bain Capital is exploring a potential investment in NEW WORLD DEV (00017.HK), as the latter seeks ways to repay its massive debt, Bloomberg, citing sources, reported. Bain Capital has reportedly been studying a potential deal that could also prompt the Cheng family, the controlling shareholder of NEW WORLD DEV (00017.HK), to inj......
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02.10.26 - 03:30
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Results: NWD FY Loss Widens to HKD28.15B; Core OP Rises 28% to HKD7.7B (AAStocks)
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NEW WORLD DEV (00017.HK) announced on Wednesday (September 30) its results for the year ended June 2026. Revenue was HKD19.992 billion, down 27.8% YoY. Due to non-cash impairment losses and provisions related to the 11 SKIES project, loss widened to HKD28.149 billion, compared with a loss of HKD16.302 billion in the correspondin......
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30.09.26 - 16:48
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New World Development posts HK$26.8b loss after 11 Skies termination (SCMP)
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New World Development (NWD) reported a net loss of HK$26.8 billion (US$3.42 billion) for the year ended June, as the developer booked HK$18.3 billion in impairments and provisions tied to the early termination of its flagship 11 Skies mall project.
Echo Huang, the firm's chief executive, said at a Wednesday earnings briefing that the group had “met its targets over the past 18 months”, including focusing on its property business, improving cash flow and enhancing operating efficiency.
NWD will......
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21.09.26 - 14:00
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Hong Kong developer New World gets nod to spin off K11 Shanghai assets (SCMP)
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New World Development (NWD) received the green light from the Shanghai Stock Exchange to spin off and list a Reit (real estate investment trust) on the bourse, according to the distressed developer controlled by one of Hong Kong's wealthiest families.
The expected offering size for the NWD C-Reit was about 3.82 billion yuan (US$570 million), from which the group's estimated net proceeds would be 3.24 billion yuan, Hong Kong-based NWD said in a statement on Monday. The underlying assets of the......
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21.09.26 - 04:00
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NWD Echo Huang: Issuing C-REITs Can Unlock Asset Value (AAStocks)
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NEW WORLD DEV (00017.HK)'s application to spin off its Shanghai K11 property for the issuance of the first Hong Kong-funded C-REIT (NWD C-REIT) on the Shanghai Stock Exchange was accepted. The group said it currently owns and operates numerous high-quality assets in Mainland China, including the Hangzhou K11 Art Mall and the......
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14.09.26 - 11:54
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Forms Syntron draws Hong Kong′s next-gen tycoons in HK$940 million IPO (SCMP)
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Hong Kong's younger generation of tycoons is becoming increasingly active in the city's initial public offering market through family offices and private investments. But their investments extend beyond the property and traditional financial sectors associated with their predecessors, into technology and digital finance.
Prominent business leaders Cheng Chi-heng of New World Development and Peter Lee Ka-kit of Henderson Land participated as cornerstone investors in Shenzhen Forms Syntron......
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01.09.26 - 08:45
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K11 MUSEA 1H26 Turnover Rises Approx. 40% YoY (AAStocks)
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NEW WORLD DEV (00017.HK) said that K11 MUSEA, its international cultural retail landmark in Tsim Sha Tsui, will complete the first phase of its brand upgrade plan by the end of 2026. As multiple international brands continue to open stores or expand their presence, high-end sales growth has become increasingly significant.K11 MU......
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