NEW WORLD DEVELOPMENT Aktie

 

JPM released a research report stating that with NEW WORLD DEV (00017.HK) announcing its results last week, the earnings season for the local property and conglomerate sectors has largely concluded. Except for SINO LAND (00083.HK) and HANG LUNG PPT (00101.HK), most companies recorded earnings growth, while NEW WORLD DEV (00017.H......

New World Development Co. kicked off an exchange offer for about $991 million of outstanding dollar notes, in the latest efforts by the stressed Hong Kong developer to extend maturities and shore up liquidity....

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......

NEW WORLD DEV (00017.HK) charted losses for the fourth consecutive year in FY2026, with losses widening to HKD28 billion (vs a HKD16 billion loss in FY2025), owing to increased impairments and provisions, including HKD18.3 billion related to the 11 SKIES project and HKD9.4 billion related to property sales and associated project......

UBS published a research report covering NEW WORLD DEV (00017.HK), which had announced the termination of its 11 SKIES contract with the Airport Authority, effective from April 1, 2027. In the broker's opinion, the contract termination is initially positive, but the parent company CTFE granting a share option to the Airport ......

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......

Bain Capital is exploring a potential investment in Hong Kong's New World Development Co. as the embattled property company looks at ways to pay down its heavy debt burden, people with knowledge of the matter said....

BofA Securities issued a research report estimating that NEW WORLD DEV (00017.HK)'s underlying net profit for the year ended June 2026 would be about HKD240 million, excluding HKD18.3 billion of impairment related to 11 SKIES, HKD1.36 billion of fair value losses on investment properties, HKD9.4 billion of impairment on deve......

After three straight years of net losses, NEW WORLD DEV (00017.HK) was projected to return to a slightly positive core net profit in FY2026, JPMorgan said in a research report. However, the broker viewed investors are focusing on the early termination of the 11 SKIES agreement. It maintained a Neutral rating with a TP of HKD6.8.......

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NEW WORLD DEV (00017.HK) announced on Wednesday (September 30) its results for the year ended June 2026. Due to non-cash impairment losses and provisions related to the 11 SKIES project, losses widened to HKD28.149 billion from HKD16.302 billion in the corresponding period last year. However, an agreement has been reached regard......

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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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......

Property firm New World Development Co. is in talks to sell its 50% stake in a Hong Kong hotel to Singapore's UOL Group Ltd., according to people familiar with the matter....

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......

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......

NEW WORLD DEV (00017.HK) announced that it plans to spin off the Shanghai K11 project properties for the issuance and separate listing of the NWD C-REIT on the Shanghai Stock Exchange. The application was accepted by the Shanghai Stock Exchange. The expected offering size is approximately RMB3.818 billion. NEW WORLD DEV will sub......

NEW WORLD DEV (00017.HK) announced a proposed spin-off and separate listing of a securities investment fund on the Shanghai Stock Exchange, with Shanghai Hong Kong New World Tower, a mixed-use property located at 300 Huaihai Middle Road, Huangpu District, Shanghai, serving as the underlying asset of the securities investment fun......

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......