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16.10.26 - 10:48
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New World in Talks With Some Banks to Extend $11.2 Billion Loan (Bloomberg)
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New World Development Co. is in preliminary discussions with some banks to extend an about HK$88 billion ($11.2 billion) loan by two years, according to people familiar with the matter, a move that could pave the way for a capital injection for the cash-strapped Hong Kong builder....
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05.10.26 - 13:12
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Adrian Cheng, former scion of Hong Kong′s NWD, expands K11 brand in Xiamen (SCMP)
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Adrian Cheng Chi-kong, former heir apparent to Hong Kong's New World Development (NWD), is expanding his K11 cultural retail business in mainland China, launching a venture of his own as his family's property group grapples with heavy debt.
Xiamen K11 Select, developed by Cheng's K11 by AC Group along with state-owned Xiamen Rail Transit Group in the city in the southeastern province of Fujian, has attracted more than 2 million visits since its opening on September 22, with sales rising 32 per......
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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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