World Development

New World Development is a Hong Kong-based conglomerate involved in property development, investment, and management. It operates in sectors including real estate, hotels, and infrastructure.

Why it’s in the news: It is in the news due to significant financial losses and major business changes, including ending an airport mall agreement and terminating the 11 Skies project.

Latest on 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
• President Xi Jinping will pay state visit to the US from Sep 23 to 25, China confirms

Connections

3 entities linked to World Development across the news graph.