News: New World Development Co Ltd (0017.HK)

0017.HK on Hong Kong Stock

9.73HKD
1:20am EDT
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HK$0.03 (+0.31%)
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Mon, Jun 16 2014

New World China shareholders reject NWD's $2.4 bln privatisation bid

HONG KONG, June 17 - New World China Land Ltd said its shareholders have rejected its controlling shareholder New World Development's (NWD) HK$18.6 billion ($2.40 billion) offer to take the company private.

Hong Kong shares suffer worst week since May 2012

HONG KONG, Mar 14 - Hong Kong shares fell to a six-week low on Friday, pulled down by index heavyweights Tencent Holdings Ltd and New World Development .

Tencent drags Hong Kong, China shares after c.bank halts some mobile payments

* New World Development falls to 21-month low after rights issue

HK's New World Development to take China property unit private for $2.4 bln, plans rights issue

HONG KONG, March 14 - Hong Kong property developer New World Development Co Ltd said on Friday it will take its majority-owned New World China Land Ltd unit private for HK$18.6 billion ($2.4 billion), seeking more flexibility in managing its flagship China-focused property business.

UPDATE 1-Hong Kong property tycoons bank on middle class to weather tough times

* Cheung Kong, Sun Hung Kai best placed to benefit from mass-market demand

Hong Kong property tycoons bank on middle class to weather tough times

HONG KONG - When things get choppy at the top of the property ladder, it pays to have your feet planted on the middle rungs, which makes developers Cheung Kong (Holdings) and Sun Hung Kai Properties the best bets to weather the storm brewing in Hong Kong.

Hong Kong property tycoons bank on middle class to weather tough times

* Cheung Kong, Sun Hung Kai best placed to benefit from mass-market demand

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