Company
New World Development
New World Development is a Hong Kong-based conglomerate with diverse business interests including property development, infrastructure, and services. It is known for developing large-scale projects like the 11 Skies airport mall.
Why it’s in the news: It is in the news due to the termination of its 11 Skies airport mall agreement, which resulted in a massive HK$26.8 billion loss and a $2.3 billion charge.
Latest on New World Development
- New World Development ends airport mall agreement with $2.3 billion charges
- New World Development posts HK$26.8b loss after 11 Skies termination
- New World Development bags Shanghai bourse nod for $570 million REIT listing
- Adrian Cheng, former scion of Hong Kong’s NWD, expands K11 brand in Xiamen
- Cutting New World ties over 11 Skies averts ‘lose-lose’ deal: Airport Authority
- Hong Kong Airport Authority to reshape 11 Skies as a high-end tourism landmark
- Return of 11 Skies project to Airport Authority will spur hub development: experts
Connections
8 entities linked to New World Development across the news graph.
Also connected to (8)
Hong KongAdrian Cheng, former scion of Hong Kong’s NWD, expands K11 brand in XiamenCutting New World ties over 11 Skies averts ‘lose-lose’ deal: Airport AuthorityNew World Development ends airport mall agreement with $2.3 billion chargesNew World Development posts HK$26.8b loss after 11 Skies termination11 Skies11 Skies projectREIT