Earnings call New World Development reported a HKD 6.6B loss in 1H FY25, driven by HKD 6B in impairments and one-off losses. Core operating profit fell 18% YoY to HKD 4.4B. However, the group achieved ...

Negotiations between Blackstone (BX.US) and NEW WORLD DEV (00017.HK) encountered obstacles because the Cheng family, which is at the helm, is unwilling to relinquish control, Bloom... Blackstone has ...

NEW WORLD DEV (00017.HK) issued a clarification regarding media reports about the possible sale of certain Hong Kong hotel asset interests by the group. Although potential buyers have approached the ...

Earnings call New World Development reported a first-half FY26 loss of HKD 3.7 billion, down from HKD 6.6 billion YoY, driven by non-cash provisions but offset by improved sales and cost controls.