View Financial HealthNew World Development 배당 및 자사주 매입배당 기준 점검 0/6New World Development 현재 배당금을 지급하지 않습니다.핵심 정보0%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률0%배당 성장률n/a다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향0%최근 배당 및 자사주 매입 업데이트공시 • Nov 22New World Development Company Limited Approves Final DividendNew World Development Company Limited at its AGM held on 21 November 2023, approved to declare a final dividend of HKD 0.30 per share.공시 • Nov 21New World Development Company Limited Declares Special Dividend, Payable on 20 December 2023New World Development Company Limited announced that a the special dividend in the amount of HKD 1.59 per Share as declared by the Board on 29 September 2023 will be made on 20 December 2023 to all Shareholders whose names appear on the register of members of the Company at the close of business on 24 November 2023. The last day for trading in Shares with entitlements to the Special Dividend is 22 November 2023.모든 업데이트 보기Recent updates공시 • Feb 12New World Development Company Limited to Report First Half, 2026 Results on Feb 27, 2026New World Development Company Limited announced that they will report first half, 2026 results on Feb 27, 2026공시 • Sep 26New World Development Company Limited, Annual General Meeting, Nov 20, 2025New World Development Company Limited, Annual General Meeting, Nov 20, 2025, at 11:45 China Standard Time. Location: meeting room n201 (expo drive entrance), level 2, hong kong convention and exhibition centre, 1 expo drive, wanchai, Hong Kong공시 • Sep 16New World Development Company Limited to Report Fiscal Year 2025 Final Results on Sep 26, 2025New World Development Company Limited announced that they will report fiscal year 2025 final results on Sep 26, 2025공시 • Jul 18New World Reportedly Seeks to Sell 11 Skies Airport Mall to Boost LiquidityNew World Development Company Limited (SEHK:17) is seeking to sell its flagship 11 Skies mall to address liquidity constraints, according to people familiar with the matter. The company has held early-stage discussions with the Hong Kong airport authority on its plans, the people said, requesting not to be named because the matter is private. The talks are preliminary and subject to change, the people said. The property has been evaluated at a price range of HKD 15 billion (USD 1.9 billion or MYR 8.1 billion) to HKD 17 billion, one of the people said. That means selling at a loss considering New World invested HKD 20 billion in the project, billed as Hong Kong’s largest shopping mall. The company and the airport authority didn’t immediately respond to requests for comment. The development of the 11 Skies mall has become a drag on New World, hampered by sluggish tenant sign-ups and concerns over weak foot traffic — fuelled in part by uncertainty around airlines’ willingness to shift flights to Hong Kong’s second airport terminal next to the complex. Facing liquidity pressure, New World is accelerating asset sales — including in mainland China — as it rushes to shore up its balance sheet. The company is also seeking to raise as much as USD 2 billion through a new loan facility, backed by its crown jewel, the Victoria Dockside complex in Hong Kong, underscoring the urgency of its capital-raising efforts. New World missed its self-imposed target to complete the USD 2 billion loan deal, people familiar with the matter said earlier this week. The company had HKD 50 billion in completed investment properties in mainland China as of Dec. 31, according to Bloomberg Intelligence. Its prospects for selling the assets are clouded by the country’s ongoing real estate downturn and slowing economy. In Shanghai, the company is seeking CNY 2.85 billion (USD 397 million or MYR 1.69 billion) for its K11 tower, according to a property agent brochure. Controlled by the family empire of Hong Kong tycoon Henry Cheng, New World has one of the highest debt burdens of any big developer in the city. Its net debt reached 95.5% of shareholders’ equity as of December, according to Bloomberg Intelligence. The funding environment for troubled and small Hong Kong developers has become increasingly challenging given that property prices in the city are now around a nine-year low. Banks are demanding stricter refinancing terms and asking for more credit enhancements.공시 • Jul 03New World Development Company Limited Announces Resignation of Dr. Cheng Chi-Kong, Adrian as Non-Executive Director and Non-Executive Vice-Chairman, Effective from 1 July 2025New World Development Company Limited announced that Dr. Cheng Chi-Kong, Adrian has tendered his resignation as a non-executive director and non-executive vice-chairman of the Company with effect from 1 July 2025 to devote more time on public services and other personal commitments.공시 • Feb 18New World Development Company Limited to Report First Half, 2025 Results on Feb 28, 2025New World Development Company Limited announced that they will report first half, 2025 results on Feb 28, 2025공시 • Dec 03+ 1 more updateNew World Development Company Limited Announces Director AppointmentsNew World Development Company Limited also appointed Mr. Ho Gilbert Chi Hang and Mr. Lau Fu-Keung, Edward as Executive Directors.공시 • Nov 29Chow Tai Fook Enterprises Limited agreed to acquire 75% stake in Kai Tak Sports Park Limited from New World Development Company Limited (SEHK:17) for approximately HKD 420 million.Chow Tai Fook Enterprises Limited agreed to acquire 75% stake in Kai Tak Sports Park Limited from New World Development Company Limited (SEHK:17) for approximately HKD 420 million on November 28, 2024. A cash consideration of HKD 416.7 million will be paid by Chow Tai Fook Enterprises Limited. As part of consideration, HKD 416.7 million is paid towards common equity of Kai Tak Sports Park Limited. Upon Completion, New World Development Company Limited will cease to own any stake in Kai Tak Sports Park Limited.공시 • Sep 26+ 1 more updateNew World Development Company Limited, Annual General Meeting, Nov 21, 2024New World Development Company Limited, Annual General Meeting, Nov 21, 2024.공시 • Sep 13New World Development Company Limited to Report Fiscal Year 2024 Results on Sep 26, 2024New World Development Company Limited announced that they will report fiscal year 2024 results on Sep 26, 2024공시 • Feb 20New World Development Company Limited to Report First Half, 2024 Results on Feb 29, 2024New World Development Company Limited announced that they will report first half, 2024 results on Feb 29, 2024공시 • Dec 18New World Development Company Limited Appoints Ma Siu-Cheung as Chief Operating Officer, Effective from January 1, 2024New World Development Company Limited announced that Mr. Ma Siu-Cheung, who has been an executive director of the Company since 1 July 2022, has been appointed as the chief operating officer of the Company effective from 1 January 2024. In addition to his current duties and responsibilities, Mr. Ma will assist the executive vice-chairman and chief executive officer of the Company, Dr. Cheng Chi-Kong, Adrian, in the daily management and operations of the Group's business in Hong Kong.공시 • Nov 22New World Development Company Limited Approves Final DividendNew World Development Company Limited at its AGM held on 21 November 2023, approved to declare a final dividend of HKD 0.30 per share.공시 • Nov 21New World Development Company Limited Declares Special Dividend, Payable on 20 December 2023New World Development Company Limited announced that a the special dividend in the amount of HKD 1.59 per Share as declared by the Board on 29 September 2023 will be made on 20 December 2023 to all Shareholders whose names appear on the register of members of the Company at the close of business on 24 November 2023. The last day for trading in Shares with entitlements to the Special Dividend is 22 November 2023.공시 • Oct 25New World Development Company Limited, Annual General Meeting, Nov 21, 2023New World Development Company Limited, Annual General Meeting, Nov 21, 2023, at 11:45 China Standard Time. Location: Meeting Room N201 (Expo Drive Entrance), Level 2 Hong Kong Convention and Exhibition Centre, 1 Expo Drive Wanchai Hong Kong Agenda: To consider and adopt the audited Financial Statements and the Reports of the Directors and the Independent Auditor for the year ended 30 June 2023; to declare a final dividend; to re-elect Directors and authorise the Board of Directors; To re-appoint Messrs. PricewaterhouseCoopers as Auditor and authorise the Board of Directors to fix their remuneration.공시 • Jul 25New World Development Company Limited to Report Fiscal Year 2023 Results on Sep 30, 2023New World Development Company Limited announced that they will report fiscal year 2023 results on Sep 30, 2023공시 • Jun 28Chow Tai Fook Enterprises Limited made an offer to acquire additional 96.955655% stake in NWS Holdings Limited (SEHK:659) from New World Development Company Limited (SEHK:17) and others for HKD 34.6 billion.Chow Tai Fook Enterprises Limited made an offer to acquire additional 96.955655% stake in NWS Holdings Limited (SEHK:659) from New World Development Company Limited (SEHK:17) and others for HKD 34.6 billion on June 27, 2023. The offer price per share is HKD 9.15 for 3,791,380,925 shares and 84,638,650 options having exercisable price of HKD 7.83. NWS board has established a special committee comprising To Hin Tsun, Gerald, Dominic Lai, Shek Lai Him, Abraham, Lee Yiu Kwong, Alan, Oei Wai Chi Grace Fung, Wong Kwai Huen, Albert, Professor Chan Ka Keung, Ceajer and Ng Yuen Ting, Yolanda, to make a recommendation to the Disinterested NWS Shareholders and the Disinterested NWS Option holders as to whether the NWS Offers are, or are not, fair and reasonable and as to acceptance. Transaction is conditional upon acceptance of all 60.87559% stake owned by New Development Company, Shareholders approval of New Development Company for the disposal, and other conditions. If a threshold of 90% will be achieved, the offeror will go for compulsory acquisition. The Hongkong and Shanghai Banking Corporation Limited, BOCI Asia Limited, and ING Bank N.V., Hong Kong Branch acted as financial advisors to Chow Tai Fook Enterprises Limited.공시 • Feb 14New World Development Company Limited to Report First Half, 2023 Results on Feb 23, 2023New World Development Company Limited announced that they will report first half, 2023 results on Feb 23, 2023공시 • Feb 03New World Reportedly Considers Sale of Majority of $1.4 Billion Hong Kong Office TowerNew World Development Company Limited (SEHK:17) is talking to investors about the sale of a majority stake in an office tower under its premium K11 brand as it disposes of non-core assets to fund its rapid expansion, two people with direct knowledge of the matter said. The Grade-A K11 Atelier King’s Road tower in eastern Hong Kong island from the city’s fourth-biggest developer is valued in its entirety at HKD 11 billion ($1.4 billion), according to the people. To attract investors and sell at a good price, New World is offering a guaranteed capitalisation rate - a measure associated with rental yield - of around 4% under a deal structure similar to the sale of a land plot last year, the people added. They spoke on condition of anonymity because the talks were private. Previous big disposals by New World had raised liquidity concerns and contributed to a sell-off in bonds in the developer, which is majority-owned by local conglomerate Chow Tai Fook Enterprises and more highly leveraged than peers. The bonds have since largely recovered in price after the developer repurchased notes worth HKD 6.5 billion. New World said in a statement to Reuters that it had no plans to sell a stake in K11 Atelier King’s Road, though it was common practice to exchange views with investors on business sentiment, valuation and potential investment opportunities. “The K11 Atelier King’s Road is not amongst our flagship portfolio,” it said. “New World Development also has no interest in selling any other K11 properties. We are in a very strong liquidity position with robust cash reserves.” The people told Reuters that any disposal of K11 Atelier King’s Road is expected to model the sale of a 51% interest of a commercial land plot in western Kowloon to alternative asset manager Ares SSG last September, under which New World provided a 5% dividend rate for four years. The guarantee allowed New World to sell at a higher-than-market HKD 3.1 billion, booking a HKD 450 million gain, and supported the valuation of its nearby projects for sale, the people added. Ares SSG declined to comment. A similar structure is also being offered to investors to buy D-Park, a shopping mall worth HKD 6 billion on a 100% basis, the people said. New World is not financially distressed according to the people, along with a third person who deals directly with the developer, but it needs more cash to support its rapid expansion.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 과거에 NWWD.F 의 주당 배당금이 안정적이었는지 판단하기에는 데이터가 부족합니다.배당금 증가: NWWD.F 의 배당금 지급이 증가했는지 판단하기에는 데이터가 부족합니다.배당 수익률 vs 시장New World Development 배당 수익률 vs 시장NWWD.F의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (NWWD.F)0%시장 하위 25% (US)1.4%시장 상위 25% (US)4.3%업계 평균 (Real Estate)2.1%분석가 예측 (NWWD.F) (최대 3년)0%주목할만한 배당금: 회사가 최근 지급을 보고하지 않았기 때문에 하위 25%의 배당금 지급자에 대해 NWWD.F 의 배당 수익률을 평가할 수 없습니다.고배당: 회사가 최근 지급을 보고하지 않았기 때문에 배당금 지급자의 상위 25%에 대해 NWWD.F 의 배당 수익률을 평가할 수 없습니다.주주 대상 이익 배당수익 보장: NWWD.F US 시장에서 주목할만한 배당금을 지급하지 않습니다.주주 현금 배당현금 흐름 범위: NWWD.F 에서 지급을 보고하지 않았기 때문에 배당 지속 가능성을 계산할 수 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YUS 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/04/27 21:32종가2026/01/28 00:00수익2025/12/31연간 수익2025/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스New World Development Company Limited는 26명의 분석가가 다루고 있습니다. 이 중 9명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Andrew LawrenceBarclaysKwok Yi LouieBarclaysFan TsoBofA Global Research23명의 분석가 더 보기
공시 • Nov 22New World Development Company Limited Approves Final DividendNew World Development Company Limited at its AGM held on 21 November 2023, approved to declare a final dividend of HKD 0.30 per share.
공시 • Nov 21New World Development Company Limited Declares Special Dividend, Payable on 20 December 2023New World Development Company Limited announced that a the special dividend in the amount of HKD 1.59 per Share as declared by the Board on 29 September 2023 will be made on 20 December 2023 to all Shareholders whose names appear on the register of members of the Company at the close of business on 24 November 2023. The last day for trading in Shares with entitlements to the Special Dividend is 22 November 2023.
공시 • Feb 12New World Development Company Limited to Report First Half, 2026 Results on Feb 27, 2026New World Development Company Limited announced that they will report first half, 2026 results on Feb 27, 2026
공시 • Sep 26New World Development Company Limited, Annual General Meeting, Nov 20, 2025New World Development Company Limited, Annual General Meeting, Nov 20, 2025, at 11:45 China Standard Time. Location: meeting room n201 (expo drive entrance), level 2, hong kong convention and exhibition centre, 1 expo drive, wanchai, Hong Kong
공시 • Sep 16New World Development Company Limited to Report Fiscal Year 2025 Final Results on Sep 26, 2025New World Development Company Limited announced that they will report fiscal year 2025 final results on Sep 26, 2025
공시 • Jul 18New World Reportedly Seeks to Sell 11 Skies Airport Mall to Boost LiquidityNew World Development Company Limited (SEHK:17) is seeking to sell its flagship 11 Skies mall to address liquidity constraints, according to people familiar with the matter. The company has held early-stage discussions with the Hong Kong airport authority on its plans, the people said, requesting not to be named because the matter is private. The talks are preliminary and subject to change, the people said. The property has been evaluated at a price range of HKD 15 billion (USD 1.9 billion or MYR 8.1 billion) to HKD 17 billion, one of the people said. That means selling at a loss considering New World invested HKD 20 billion in the project, billed as Hong Kong’s largest shopping mall. The company and the airport authority didn’t immediately respond to requests for comment. The development of the 11 Skies mall has become a drag on New World, hampered by sluggish tenant sign-ups and concerns over weak foot traffic — fuelled in part by uncertainty around airlines’ willingness to shift flights to Hong Kong’s second airport terminal next to the complex. Facing liquidity pressure, New World is accelerating asset sales — including in mainland China — as it rushes to shore up its balance sheet. The company is also seeking to raise as much as USD 2 billion through a new loan facility, backed by its crown jewel, the Victoria Dockside complex in Hong Kong, underscoring the urgency of its capital-raising efforts. New World missed its self-imposed target to complete the USD 2 billion loan deal, people familiar with the matter said earlier this week. The company had HKD 50 billion in completed investment properties in mainland China as of Dec. 31, according to Bloomberg Intelligence. Its prospects for selling the assets are clouded by the country’s ongoing real estate downturn and slowing economy. In Shanghai, the company is seeking CNY 2.85 billion (USD 397 million or MYR 1.69 billion) for its K11 tower, according to a property agent brochure. Controlled by the family empire of Hong Kong tycoon Henry Cheng, New World has one of the highest debt burdens of any big developer in the city. Its net debt reached 95.5% of shareholders’ equity as of December, according to Bloomberg Intelligence. The funding environment for troubled and small Hong Kong developers has become increasingly challenging given that property prices in the city are now around a nine-year low. Banks are demanding stricter refinancing terms and asking for more credit enhancements.
공시 • Jul 03New World Development Company Limited Announces Resignation of Dr. Cheng Chi-Kong, Adrian as Non-Executive Director and Non-Executive Vice-Chairman, Effective from 1 July 2025New World Development Company Limited announced that Dr. Cheng Chi-Kong, Adrian has tendered his resignation as a non-executive director and non-executive vice-chairman of the Company with effect from 1 July 2025 to devote more time on public services and other personal commitments.
공시 • Feb 18New World Development Company Limited to Report First Half, 2025 Results on Feb 28, 2025New World Development Company Limited announced that they will report first half, 2025 results on Feb 28, 2025
공시 • Dec 03+ 1 more updateNew World Development Company Limited Announces Director AppointmentsNew World Development Company Limited also appointed Mr. Ho Gilbert Chi Hang and Mr. Lau Fu-Keung, Edward as Executive Directors.
공시 • Nov 29Chow Tai Fook Enterprises Limited agreed to acquire 75% stake in Kai Tak Sports Park Limited from New World Development Company Limited (SEHK:17) for approximately HKD 420 million.Chow Tai Fook Enterprises Limited agreed to acquire 75% stake in Kai Tak Sports Park Limited from New World Development Company Limited (SEHK:17) for approximately HKD 420 million on November 28, 2024. A cash consideration of HKD 416.7 million will be paid by Chow Tai Fook Enterprises Limited. As part of consideration, HKD 416.7 million is paid towards common equity of Kai Tak Sports Park Limited. Upon Completion, New World Development Company Limited will cease to own any stake in Kai Tak Sports Park Limited.
공시 • Sep 26+ 1 more updateNew World Development Company Limited, Annual General Meeting, Nov 21, 2024New World Development Company Limited, Annual General Meeting, Nov 21, 2024.
공시 • Sep 13New World Development Company Limited to Report Fiscal Year 2024 Results on Sep 26, 2024New World Development Company Limited announced that they will report fiscal year 2024 results on Sep 26, 2024
공시 • Feb 20New World Development Company Limited to Report First Half, 2024 Results on Feb 29, 2024New World Development Company Limited announced that they will report first half, 2024 results on Feb 29, 2024
공시 • Dec 18New World Development Company Limited Appoints Ma Siu-Cheung as Chief Operating Officer, Effective from January 1, 2024New World Development Company Limited announced that Mr. Ma Siu-Cheung, who has been an executive director of the Company since 1 July 2022, has been appointed as the chief operating officer of the Company effective from 1 January 2024. In addition to his current duties and responsibilities, Mr. Ma will assist the executive vice-chairman and chief executive officer of the Company, Dr. Cheng Chi-Kong, Adrian, in the daily management and operations of the Group's business in Hong Kong.
공시 • Nov 22New World Development Company Limited Approves Final DividendNew World Development Company Limited at its AGM held on 21 November 2023, approved to declare a final dividend of HKD 0.30 per share.
공시 • Nov 21New World Development Company Limited Declares Special Dividend, Payable on 20 December 2023New World Development Company Limited announced that a the special dividend in the amount of HKD 1.59 per Share as declared by the Board on 29 September 2023 will be made on 20 December 2023 to all Shareholders whose names appear on the register of members of the Company at the close of business on 24 November 2023. The last day for trading in Shares with entitlements to the Special Dividend is 22 November 2023.
공시 • Oct 25New World Development Company Limited, Annual General Meeting, Nov 21, 2023New World Development Company Limited, Annual General Meeting, Nov 21, 2023, at 11:45 China Standard Time. Location: Meeting Room N201 (Expo Drive Entrance), Level 2 Hong Kong Convention and Exhibition Centre, 1 Expo Drive Wanchai Hong Kong Agenda: To consider and adopt the audited Financial Statements and the Reports of the Directors and the Independent Auditor for the year ended 30 June 2023; to declare a final dividend; to re-elect Directors and authorise the Board of Directors; To re-appoint Messrs. PricewaterhouseCoopers as Auditor and authorise the Board of Directors to fix their remuneration.
공시 • Jul 25New World Development Company Limited to Report Fiscal Year 2023 Results on Sep 30, 2023New World Development Company Limited announced that they will report fiscal year 2023 results on Sep 30, 2023
공시 • Jun 28Chow Tai Fook Enterprises Limited made an offer to acquire additional 96.955655% stake in NWS Holdings Limited (SEHK:659) from New World Development Company Limited (SEHK:17) and others for HKD 34.6 billion.Chow Tai Fook Enterprises Limited made an offer to acquire additional 96.955655% stake in NWS Holdings Limited (SEHK:659) from New World Development Company Limited (SEHK:17) and others for HKD 34.6 billion on June 27, 2023. The offer price per share is HKD 9.15 for 3,791,380,925 shares and 84,638,650 options having exercisable price of HKD 7.83. NWS board has established a special committee comprising To Hin Tsun, Gerald, Dominic Lai, Shek Lai Him, Abraham, Lee Yiu Kwong, Alan, Oei Wai Chi Grace Fung, Wong Kwai Huen, Albert, Professor Chan Ka Keung, Ceajer and Ng Yuen Ting, Yolanda, to make a recommendation to the Disinterested NWS Shareholders and the Disinterested NWS Option holders as to whether the NWS Offers are, or are not, fair and reasonable and as to acceptance. Transaction is conditional upon acceptance of all 60.87559% stake owned by New Development Company, Shareholders approval of New Development Company for the disposal, and other conditions. If a threshold of 90% will be achieved, the offeror will go for compulsory acquisition. The Hongkong and Shanghai Banking Corporation Limited, BOCI Asia Limited, and ING Bank N.V., Hong Kong Branch acted as financial advisors to Chow Tai Fook Enterprises Limited.
공시 • Feb 14New World Development Company Limited to Report First Half, 2023 Results on Feb 23, 2023New World Development Company Limited announced that they will report first half, 2023 results on Feb 23, 2023
공시 • Feb 03New World Reportedly Considers Sale of Majority of $1.4 Billion Hong Kong Office TowerNew World Development Company Limited (SEHK:17) is talking to investors about the sale of a majority stake in an office tower under its premium K11 brand as it disposes of non-core assets to fund its rapid expansion, two people with direct knowledge of the matter said. The Grade-A K11 Atelier King’s Road tower in eastern Hong Kong island from the city’s fourth-biggest developer is valued in its entirety at HKD 11 billion ($1.4 billion), according to the people. To attract investors and sell at a good price, New World is offering a guaranteed capitalisation rate - a measure associated with rental yield - of around 4% under a deal structure similar to the sale of a land plot last year, the people added. They spoke on condition of anonymity because the talks were private. Previous big disposals by New World had raised liquidity concerns and contributed to a sell-off in bonds in the developer, which is majority-owned by local conglomerate Chow Tai Fook Enterprises and more highly leveraged than peers. The bonds have since largely recovered in price after the developer repurchased notes worth HKD 6.5 billion. New World said in a statement to Reuters that it had no plans to sell a stake in K11 Atelier King’s Road, though it was common practice to exchange views with investors on business sentiment, valuation and potential investment opportunities. “The K11 Atelier King’s Road is not amongst our flagship portfolio,” it said. “New World Development also has no interest in selling any other K11 properties. We are in a very strong liquidity position with robust cash reserves.” The people told Reuters that any disposal of K11 Atelier King’s Road is expected to model the sale of a 51% interest of a commercial land plot in western Kowloon to alternative asset manager Ares SSG last September, under which New World provided a 5% dividend rate for four years. The guarantee allowed New World to sell at a higher-than-market HKD 3.1 billion, booking a HKD 450 million gain, and supported the valuation of its nearby projects for sale, the people added. Ares SSG declined to comment. A similar structure is also being offered to investors to buy D-Park, a shopping mall worth HKD 6 billion on a 100% basis, the people said. New World is not financially distressed according to the people, along with a third person who deals directly with the developer, but it needs more cash to support its rapid expansion.