NEW WORLD DEVELOPMENT Aktie

 

New residential projects in the Greater Bay Area, including Wellspring by Hong Kong's New World Development, are offering special promotions exclusively for Hong Kong homebuyers following the opening of the new Huanggang Port, according to agents. “The number of property viewers from Hong Kong has risen by about 40 per cent compared to the period before the opening of the new Huanggang Port,” said King Lau, regional investment director for the Greater Bay Area at Yui Yin Property. “The growth in......

Chow Tai Fook Enterprises (CTFE), the major shareholder of NEW WORLD DEV (00017.HK), is in pursuit of around HKD5 billion in new funding from banks for general corporate purposes, Bloomberg, citing people familiar with the matter, reported.The financing would purportedly provide a liquidity buffer if Chow Tai Fook Enterprises de......

New World Development's recent announcement that its Shanghai K11 Elysea office project has reached an occupancy rate of about 80 per cent may pave the way for the indebted group's next securitisation exercise, analysts say, adding that it could generate 100 million yuan (US$15 million) in annual net operating income. The company said on Tuesday that new tenants, including luxury brands Hermes and Rolex, were preparing to move into the project's office component on Huaihai Middle Road. Others......

NEW WORLD DEV (00017.HK) said the office leasing rate at Shanghai's large-scale mixed-use project K11 ELYSEA was about 80%, with tenants from various professional sectors including finance, legal, consulting and luxury retail, such as Hermes, Rolex and DBS Bank.NEW WORLD DEV said Hong Kong's K11 MUSEA continued to advanc......

New World Development and China Merchants Land broke ground recently on a joint residential project in Pak Shing Kok, Tseung Kwan O, with presales expected to begin as early as 2028, when surveyors say pricing pressure may have eased. James KT Cheung, executive director of the valuation department at Centaline Surveyors, said property prices remain lower than they were in 2022, when the consortium won the project. “If property prices can recover to 2022 levels by the time the Pak Shing Kok......

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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....

NEW WORLD DEV (00017.HK) earlier launched another bond exchange offer, proposing to exchange three bonds due in 2027 and 2028 for newly issued VD bonds, in a bid to substantially extend the maturity of part of its debt to 2032. NEW WORLD DEV announced today (15th) that it will issue approximately USD189 million of new VD bonds i......

Participation in distressed Hong Kong developer New World Development Co.'s debt swap offer came in below its overall target by an early bird deadline for creditors this week....

Markets awaited the release of the latest US September inflation data. The three major US stock indices fell overnight (13th), with continued weakness in some chip stocks dragging the Nasdaq down for a second straight session. Earnings performances among major US banks were mixed, while the DJIA closed down 180 points. Affected ......

It was a Wednesday evening in late September and analysts covering New World Development Co. were getting antsy. The cash-strapped Hong Kong developer was late to report its earnings, and executives hadn't shown up to a scheduled briefing....

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.......