The unexpected departure of Eric Ma cast a shadow over New World’s efforts to turn around its struggling business amid property downturns. Eric Ma, CEO of the Hong Kong billionaire Cheng family’s ...
New World Development Co., the cash-strapped property developer, is in talks to sell its 50% stake in a portfolio of three ...
Amazon this week in a message sent to staff announced it is laying off 14,000 corporate jobs that includes "significant" cuts to its video game business. Amazon Games has now officially confirmed it ...
HONG KONG (Reuters) -Embattled New World Development said on Tuesday it expected $1.3 billion of its debt, majority of it being perpetual bonds, to be cut after setting an early deadline for its ...
Blackstone Inc. has walked away from a proposed $4 billion tie-up with New World Development Co. after the embattled property ...
Shares of Hong Kong's major developer, New World Development surged as high as 23% after trading resumed, following the resignation of Adrian Cheng, a member of the founding family. The company halted ...
New World Development (OTCPK:NDVLY) is reportedly looking for more banks to join an up to HK$15.6 billion ($2 billion) loan backed by its key asset, Victoria Dockside, as the cash-strapped company ...
New World Development, built by the Chengs – one of Hong Kong’s “big four” property dynasties, is now struggling with debt after years under a third-generation heir’s leadership, highlighting the ...
New World Development Company Limited successfully passed all resolutions at its annual general meeting held on November 21, 2024, with strong shareholder support. Key decisions included the ...
Good afternoon. Welcome to New World Development's FY 2026 interim presentation, online analysts and investors meeting. I am IR Director, Patrick Cheong. I am the moderator for this meeting. First of ...
Blackstone has walked away from a proposed $4 billion tie-up with Hong Kong's New World Development after the indebted property developer refused to cede control, Bloomberg News reported on ...
New World Development (HK:0017) has released an update. New World Development Company Limited has announced its board of directors, highlighting the roles of key executives and their responsibilities ...
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