Tillkännagivande • 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 Tillkännagivande • 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 Tillkännagivande • 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 Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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 Tillkännagivande • 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. Tillkännagivande • 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 Tillkännagivande • 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 Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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 Tillkännagivande • 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. Tillkännagivande • 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 Tillkännagivande • 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. 
