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15.01.26 - 09:15
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Full-day Takeaway: HSI Closes at 26,923, Down 76 pts; HSTI Closes at 5,828, Down 79 pts; TRIP.COM-S Down over 19%; SHK PPT, CK ASSET, CLP HOLDINGS, BOC HONG KONG, NEW WORLD DEV Hit New Highs; Market Turnover Rises (AAStocks)
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At close, HSI dropped 76 pts or 0.3% to 26,923. HSTI dropped 79 pts or 1.4% to 5,828. HSCEI fell 48 pts or 0.5% to 9,266. Market turnover reached $290.46 billion.Active Heavyweights:BABA (09988.HK) closed at $164.6, down 2.6%TENCENT (00700.HK) closed at $622, down 1.7%PING AN (02318.HK) closed at $69.55, up 1.2%HKEX (00388.HK) c......
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15.01.26 - 05:30
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Midday Takeaway: HSI Closes Midday at 26,852, Down 147 pts; HSTI Closes Midday at 5,800, Down 107 pts; TRIP.COM-S Down over 19%; SHK PPT, SINOPEC CORP, CLP HOLDINGS, NEW WORLD DEV, WANGUO GOLD GP Hit New Highs (AAStocks)
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At midday close, HSI dropped 147 pts or 0.5% to 26,852. HSTI dropped 107 pts or 1.8% to 5,800. HSCEI fell 64 pts or 0.7% to 9,251.Active Heavyweights:BABA (09988.HK) closed at $164, down 3%TENCENT (00700.HK) closed at $624.5, down 1.3%CCB (00939.HK) closed at $7.85, up 1%PING AN (02318.HK) closed at $69.35, up 0.9%MEITUAN (03690......
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05.01.26 - 10:30
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NWD's K11 MUSEA Logs ~50% Leap in Footfall During New Yr's Holiday (AAStocks)
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NEW WORLD DEV (00017.HK) unveiled that the footfall at the group's K11 MUSEA in Tsim Sha Tsui jumped up by nearly 50% YoY during the three-day New Year holiday of Mainland China, on the ride of a large number of tourists visiting Hong KongMembership consumption was also boosted, growing by over 40% compared to the same perio......
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24.12.25 - 07:15
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NWD, Orient Securities Int'l Ink Strategic Co-op Deal (AAStocks)
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NEW WORLD DEV (00017.HK) forged a strategic cooperation agreement with Orient Securities International. Pursuant to the agreement, both parties will engage in deep cooperation in various areas such as customer resources, capital markets, wealth management, research fields, enhancing capital market visibility, and providing poten......
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19.12.25 - 08:12
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Rosewood presses ahead with global expansion after sources say hotel brand is not for sale (SCMP)
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Rosewood Hotel Group said on Friday it was pushing ahead with its global expansion, announcing new openings including its first ski resort, just days after sources said Chow Tai Fook Enterprises (CTFE), the private investment holding company of the Cheng family and the parent firm of debt-ridden New World Development (NWD), had no plans to sell the prized asset.
The privately owned hotel operator said Rosewood Courchevel Le Jardin Alpin, an alpine resort in the French Alps, opened on schedule,......
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18.12.25 - 08:18
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Hong Kong logistics group′s CEO buys US$17 million home as wealthy accumulate assets (SCMP)
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A top executive of a multinational logistics group has bought a luxury flat in Hong Kong's Mid-Levels West for HK$132 million (US$16.9 million), adding to a growing list of wealthy buyers acquiring high-end homes as prices soften.
Cherry Hill Investment, an entity linked to Arnold Lee, acquired the 2,772 sq ft, four-bedroom apartment at The Legacy, jointly developed by Henderson Land Development and New World Development, according to Land Registry records. The transaction was completed on......
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18.12.25 - 04:45
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PressLogic Completes Acquisition of Parenting Website Baby Kingdom (AAStocks)
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Local media trading company PressLogic announced that it has completed the strategic acquisition of the parenting website, Baby Kingdom.NEW WORLD DEV (00017.HK) acquired Baby Kingdom through its strategic Investment in 2017, without disclosing the investment amount and shareholding ratio at that time, only stating that NEW WORLD......
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12.12.25 - 02:42
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Rosewood hotel brand of Hong Kong′s Chow Tai Fook is not for sale, sources say (SCMP)
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Hong Kong-based Chow Tai Fook Enterprises (CTFE), the private investment holding company of the Cheng family and the parent firm of debt-ridden New World Development (NWD), has no plans to sell its prized Rosewood brand, according to sources familiar with the matter.
“Rosewood has delivered exceptional results in recent years and is one of the family's most cherished luxury hotel brands,” a source said.
The group's properties were operating as usual, with strategic investments in nearly 30......
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11.12.25 - 15:06
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Chow Tai Fook sells Australian energy assets to Singapore group for US$4.3 billion (SCMP)
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Chow Tai Fook Enterprises (CTFE), the parent company of embattled Hong Kong developer New World Development (NWD), is selling Australian utility Alinta Energy to a Singapore-based group for A$6.5 billion (US$4.3 billion).
Sembcorp Industries will acquire 100 per cent ownership of Alinta and its units as well as Latrobe Valley Power (LVP) and its subsidiaries from Pioneer Sail Holdings, which is owned by CTFE and Pioneer Sail Singapore, according to Sembcorp's filing with the Singapore stock......
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11.12.25 - 12:18
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Adrian Cheng signs retail partnership with Wafi Group, headed by Dubai royal (SCMP)
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Adrian Cheng Chi-kong, former heir apparent to Hong Kong property giant New World Development (NWD), has partnered with a Dubai royal and businessman to spruce up the retail, leisure and cultural offerings of Wafi City, one of the United Arab Emirates (UAE) city's top shopping destinations.
Cheng and Dubai Sheikh Mana bin Khalifa Al Maktoum, founder and chairman of the Wafi Group, signed an agreement to set up a new entity called Wafi Anime 11 in Dubai on Wednesday, according to a statement on......
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01.12.25 - 05:54
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HK′s Cheng Said To Seek Sale of Some Rosewood Hotels (Bloomberg)
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Bloomberg has learnt that Hong Kong tycoon Henry Cheng is seeking buyers for properties in the family's luxury Rosewood Hotel Group as the billionaire clan races to overcome liquidity challenges at its real estate unit, New World Development. (Source: Bloomberg)...
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