Announcement • Feb 12
New World Development Company Limited to Report First Half, 2026 Results on Feb 27, 2026 New World Development Company Limited announced that they will report first half, 2026 results on Feb 27, 2026 Announcement • Sep 26
New World Development Company Limited, Annual General Meeting, Nov 20, 2025 New 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 Announcement • Sep 16
New World Development Company Limited to Report Fiscal Year 2025 Final Results on Sep 26, 2025 New World Development Company Limited announced that they will report fiscal year 2025 final results on Sep 26, 2025 Announcement • Jul 18
New World Reportedly Seeks to Sell 11 Skies Airport Mall to Boost Liquidity New 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. Announcement • Jul 03
New 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 2025 New 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. Announcement • Feb 18
New World Development Company Limited to Report First Half, 2025 Results on Feb 28, 2025 New World Development Company Limited announced that they will report first half, 2025 results on Feb 28, 2025 Announcement • Nov 29
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. 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. Reported Earnings • Oct 27
Full year 2024 earnings released: HK$4.71 loss per share (vs HK$0.38 loss in FY 2023) Full year 2024 results: HK$4.71 loss per share (further deteriorated from HK$0.38 loss in FY 2023). Revenue: HK$35.8b (down 34% from FY 2023). Net loss: HK$11.9b (loss widened HK$10.9b from FY 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 27
Full year 2024 earnings released Full year 2024 results: Revenue: HK$35.8b (down 62% from FY 2023). Net loss: HK$9.90b (down HK$10.9b from profit in FY 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Real Estate industry in Hong Kong. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to HK$7.71, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 6x in the Real Estate industry in Hong Kong. Total loss to shareholders of 65% over the past three years. Announcement • Sep 13
New World Development Company Limited to Report Fiscal Year 2024 Results on Sep 26, 2024 New World Development Company Limited announced that they will report fiscal year 2024 results on Sep 26, 2024 Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$7.41, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total loss to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$5.25 per share. Upcoming Dividend • Mar 13
Upcoming dividend of HK$0.20 per share Eligible shareholders must have bought the stock before 20 March 2024. Payment date: 18 April 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.2%. Lower than top quartile of Hong Kong dividend payers (8.2%). Lower than average of industry peers (6.0%). Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$9.92, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total loss to shareholders of 67% over the past three years. Declared Dividend • Mar 02
First half dividend of HK$0.20 announced Shareholders will receive a dividend of HK$0.20. Ex-date: 20th March 2024 Payment date: 18th April 2024 Dividend yield will be 23%, which is higher than the industry average of 6.6%. Sustainability & Growth Dividend is not covered by earnings (177% earnings payout ratio). However, it is covered by cash flows (51% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 97% to bring the payout ratio under control. EPS is expected to grow by 104% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. New Risk • Mar 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (6.8% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (177% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Announcement • Feb 20
New World Development Company Limited to Report First Half, 2024 Results on Feb 29, 2024 New World Development Company Limited announced that they will report first half, 2024 results on Feb 29, 2024 Announcement • Dec 18
New World Development Company Limited Appoints Ma Siu-Cheung as Chief Operating Officer, Effective from January 1, 2024 New 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. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to HK$12.34, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 6x in the Real Estate industry in Hong Kong. Total loss to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$23.11 per share. Announcement • Nov 22
New World Development Company Limited Approves Final Dividend New World Development Company Limited at its AGM held on 21 November 2023, approved to declare a final dividend of HKD 0.30 per share. Announcement • Nov 21
New World Development Company Limited Declares Special Dividend, Payable on 20 December 2023 New 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. Upcoming Dividend • Nov 16
Upcoming dividend of HK$1.89 per share at 4.9% yield Eligible shareholders must have bought the stock before 23 November 2023. Payment date: 20 December 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.9%. Lower than top quartile of Hong Kong dividend payers (8.3%). Lower than average of industry peers (5.6%). Announcement • Oct 25
New World Development Company Limited, Annual General Meeting, Nov 21, 2023 New 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. New Risk • Oct 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.0% Last year net profit margin: 1.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.6% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.0% net profit margin). Reported Earnings • Sep 30
Full year 2023 earnings released: EPS: HK$0.39 (vs HK$0.50 in FY 2022) Full year 2023 results: EPS: HK$0.39. Revenue: HK$95.2b (up 40% from FY 2022). Net income: HK$3.44b (up 176% from FY 2022). Profit margin: 3.6% (up from 1.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 3.8% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 9.3%. Buying Opportunity • Aug 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be HK$21.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 61%. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 438% in the next 2 years. Announcement • Jul 25
New World Development Company Limited to Report Fiscal Year 2023 Results on Sep 30, 2023 New World Development Company Limited announced that they will report fiscal year 2023 results on Sep 30, 2023 Announcement • Jun 28
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. 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. Recent Insider Transactions • May 18
Non-Executive Vice Chairman recently sold HK$16m worth of stock On the 12th of May, Wai-Hoi Doo sold around 805k shares on-market at roughly HK$20.12 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Wai-Hoi has been a net seller over the last 12 months, reducing personal holdings by HK$39m. Recent Insider Transactions • Mar 26
Non-Executive Vice Chairman recently sold HK$8.0m worth of stock On the 17th of March, Wai-Hoi Doo sold around 372k shares on-market at roughly HK$21.41 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Wai-Hoi has been a net seller over the last 12 months, reducing personal holdings by HK$16m. Recent Insider Transactions • Mar 21
Non-Executive Vice Chairman recently sold HK$6.3m worth of stock On the 15th of March, Wai-Hoi Doo sold around 300k shares on-market at roughly HK$21.15 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Wai-Hoi's only on-market trade for the last 12 months. Upcoming Dividend • Mar 08
Upcoming dividend of HK$0.46 per share at 8.8% yield Eligible shareholders must have bought the stock before 15 March 2023. Payment date: 13 April 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.8%. Within top quartile of Hong Kong dividend payers (8.0%). Higher than average of industry peers (5.4%). Reported Earnings • Feb 24
First half 2023 earnings released: EPS: HK$0.48 (vs HK$0.57 in 1H 2022) First half 2023 results: EPS: HK$0.48 (down from HK$0.57 in 1H 2022). Revenue: HK$40.2b (up 13% from 1H 2022). Net income: HK$1.21b (down 16% from 1H 2022). Profit margin: 3.0% (down from 4.0% in 1H 2022). Revenue is forecast to stay flat during the next 3 years compared to a 9.1% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Feb 14
New World Development Company Limited to Report First Half, 2023 Results on Feb 23, 2023 New World Development Company Limited announced that they will report first half, 2023 results on Feb 23, 2023 Announcement • Feb 03
New World Reportedly Considers Sale of Majority of $1.4 Billion Hong Kong Office Tower New 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. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improved over the past week After last week's 21% share price gain to HK$22.25, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 6x in the Real Estate industry in Hong Kong. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$18.21 per share. Upcoming Dividend • Nov 17
Upcoming dividend of HK$1.50 per share Eligible shareholders must have bought the stock before 24 November 2022. Payment date: 21 December 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 10.0%. Within top quartile of Hong Kong dividend payers (9.0%). Higher than average of industry peers (6.1%). Reported Earnings • Oct 01
Full year 2022 earnings released: EPS: HK$0.50 (vs HK$0.46 in FY 2021) Full year 2022 results: EPS: HK$0.50 (up from HK$0.46 in FY 2021). Revenue: HK$68.2b (flat on FY 2021). Net income: HK$3.63b (up 210% from FY 2021). Profit margin: 5.3% (up from 1.7% in FY 2021). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 09
Upcoming dividend of HK$0.56 per share Eligible shareholders must have bought the stock before 16 March 2022. Payment date: 12 April 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.8%. Lower than top quartile of Hong Kong dividend payers (7.6%). In line with average of industry peers (6.3%). Reported Earnings • Feb 28
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: HK$0.57 (up from HK$0.40 in 1H 2021). Revenue: HK$35.6b (flat on 1H 2021). Net income: HK$1.43b (up 41% from 1H 2021). Profit margin: 4.0% (up from 2.8% in 1H 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 21%, compared to a 17% growth forecast for the industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Nov 18
Upcoming dividend of HK$1.50 per share Eligible shareholders must have bought the stock before 25 November 2021. Payment date: 21 December 2021. Trailing yield: 6.0%. Lower than top quartile of Hong Kong dividend payers (6.9%). Higher than average of industry peers (5.4%). Reported Earnings • Oct 01
Full year 2021 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$68.2b (up 16% from FY 2020). Net income: HK$3.45b (up 215% from FY 2020). Profit margin: 5.1% (up from 1.9% in FY 2020). The increase in margin was driven by higher revenue. Recent Insider Transactions • Jun 26
Non-Executive Director recently sold HK$1.0m worth of stock On the 22nd of June, Kar-Shing Cheng sold around 25k shares on-market at roughly HK$40.95 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$260m more than they bought in the last 12 months. Reported Earnings • Mar 21
First half 2021 earnings released: EPS HK$0.40 (vs HK$0.40 in 1H 2020) The company reported a mediocre first half result with weaker profit margins, although earnings were flat and revenues improved. First half 2021 results: Revenue: HK$35.6b (up 9.6% from 1H 2020). Net income: HK$1.01b (flat on 1H 2020). Profit margin: 2.8% (down from 3.1% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Mar 15
Non-Executive Vice Chairman recently sold HK$8.0m worth of stock On the 9th of March, Wai-Hoi Doo sold around 200k shares on-market at roughly HK$40.13 per share. This was the largest sale by an insider in the last 3 months. Wai-Hoi has been a seller over the last 12 months, reducing personal holdings by HK$165m. Reported Earnings • Feb 28
First half 2021 earnings released: EPS HK$0.40 (vs HK$0.40 in 1H 2020) The company reported a mediocre first half result with weaker profit margins, although earnings were flat and revenues improved. First half 2021 results: Revenue: HK$35.6b (up 9.6% from 1H 2020). Net income: HK$1.01b (flat on 1H 2020). Profit margin: 2.8% (down from 3.1% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue beats expectations Revenue exceeded analyst estimates by 12%. Over the next year, revenue is forecast to grow 23%, compared to a 31% growth forecast for the Real Estate industry in Hong Kong. Is New 90 Day High Low • Nov 30
New 90-day high: HK$41.40 The company is up 4.0% from its price of HK$39.90 on 01 September 2020. The Hong Kong market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$19.54 per share. Announcement • Nov 10
New World Development Company Limited Announces Demise of Cha Mou-Sing, Payson as an Independent Non-Executive Director The board of directors of New World Development Company Limited announced that Mr. Cha Mou-Sing, Payson, an independent non-executive director of the company, and a member of each of the audit committee, the remuneration committee and the sustainability committee of the board, passed away on 6 November 2020 (PST) in California, USA. Following the passing away of Mr. Cha, Mr. Cha Mou-Zing, Victor ceased to be the alternate director of Mr. Cha. Recent Insider Transactions • Oct 16
Non-Executive Vice Chairman recently sold HK$7.8m worth of stock On the 12th of October, Wai-Hoi Doo sold around 202k shares on-market at roughly HK$38.84 per share. In the last 3 months, they made an even bigger sale worth HK$11m. Wai-Hoi has been a seller over the last 12 months, reducing personal holdings by HK$12m. Announcement • Oct 08
New World Development Announces Complete Architectural Conservation Project New World Development Company Limited announced that it is launching a complete architectural conservation project for the culturally significant State Theatre. The 68-year-old Grade I historic site in North Point, Hong Kong first opened in 1952 and is currently the oldest movie palace in Hong Kong. Following New World Development's successful consolidation of its ownership, a meticulous conservation project by the company and a local and international team will soon be underway to revitalise its architecture, while also conserving the iconic, parabolic exoskeleton truss. Most significant of all perhaps is its architectural style, exemplary of the post-war Modern movement architecture in the city. The State Theatre features a captivating parabolic exoskeleton truss at the roof that supports the entire structure. This reinforced concrete arch beam roof and its vertical hangars, which suspend a concrete paneled roof over the auditorium, were and remain unique to Hong Kong's cityscape. The iconic curvature of the roof also doubled as a natural amplifier and sound isolator, creating superior acoustics that isolate external sounds and vibration from the main auditorium. Due to its architectural, contextual and historic values, the State Theatre was listed as a Grade I Historic Building by the city's Antiquities and Monuments Office in 2017. The State Theatre also features a distinctive curved façade with a relief mural by late contemporary Chinese artist Mei Yutian, as well as small square windows with projecting concrete frames that are typical of the 1950s Modernist architecture. Reported Earnings • Oct 01
Full year earnings released - EPS HK$0.43 Over the last 12 months the company has reported total profits of HK$1.10b, down 94% from the prior year. Total revenue was HK$59.0b over the last 12 months, down 23% from the prior year. Profit margins were 1.9%, which is lower than the 24% margin from last year. The decrease in margin was driven by lower revenue. Announcement • Sep 26
New World Development Company Limited Announces Resignation of Ki Man Fung, Leonie as A Non-Executive Director with Effect from 1 October 2020 New World Development Company Limited announced that Ms. Ki Man Fung, Leonie has tendered her resignation as a non-executive director of the Company with effect from 1 October 2020 due to her retirement. Ms. Ki has confirmed that she has no disagreement with the Board and there is no matter relating to her resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. Announcement • Sep 19
New World Development Company Limited to Report Fiscal Year 2020 Results on Sep 30, 2020 New World Development Company Limited announced that they will report fiscal year 2020 results on Sep 30, 2020 Announcement • Jul 22
New World Development Company Limited To Be Deleted From Other OTC New World Development Company Limited Ord Ordinary Shares will be deleted from Other OTC effective July 16, 2020. The deletion was due to CUSIP Suspended. 
