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New World Development Co Ltd (0017.HK)

0017.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

New World Development Says JVCo Awarded A Construction & Operation Contract Worth HK$29.993 Bln
Friday, 28 Dec 2018 

Dec 28 (Reuters) - New World Development Co Ltd <0017.HK>::KTSPL WAS AWARDED A CONTRACT FOR DESIGN, CONSTRUCTION AND OPERATION OF KAI TAK SPORTS PARK.TOTAL CONSTRUCTION CONTRACT SUM HK$29.993 BILLION.KTSPL IS A JV CO HELD AS TO 75% BY CO'S UNIT NEW WORLD SPORTS AND 25% BY NWS SPORTS.ENTERS SHAREHOLDERS AGREEMENT WITH NEW WORLD SPORTS, NWS & NWS SPORTS.SHAREHOLDERS AGREEMENT TO REGULATE RESPECTIVE RIGHTS & OBLIGATIONS OF NEW WORLD SPORTS & NWS SPORTS TO OPERATE & MANAGE KTSPL.  Full Article

New World Development Co FY Profit Rises
Thursday, 20 Sep 2018 

Sept 20 (Reuters) - New World Development Co Ltd <0017.HK>::FY NET PROFIT ATTRIBUTABLE HK$23.34 BILLION VERSUS HK$7.68 BILLION.RECOMMENDS FINAL DIVIDEND OF HK$0.34 PER SHARE.FY REVENUE HK$60.69 BILLION VERSUS HK$56.63 BILLION.  Full Article

New World Development Posts H1 Profit Attributable HK$11,269.9 Mln‍​
Friday, 16 Mar 2018 

March 16 (Reuters) - New World Development Co Ltd <0017.HK>::H1 REVENUES HK$27,935.4 MILLION VERSUS HK$26,639.4‍​ MILLION.H1 PROFIT ATTRIBUTABLE TO SHAREHOLDERS OF THE COMPANY HK$11,269.9 MLN VERSUS HK$4,335.7 MLN‍​.  Full Article

New World Development Co's ‍unit sells Ramada Property for RMB1.85 bln to Oriental Triumph Inc
Friday, 27 Oct 2017 

Oct 27 (Reuters) - New World Development Co Ltd <0017.HK>::Unit to dispose sale shares in Ramada Property to Oriental Triumph Inc for RMB1.85 billion​.Estimated unaudited gain of about HK$328.2 million to be recorded on disposal​.  Full Article

New World Development Co says unit entered into subscription agreement
Friday, 29 Sep 2017 

Sept 29 (Reuters) - New World Development Co Ltd <0017.HK>::Smart Future and Healthcare Assets Management entered into subscription agreement.Smart Future to subscribe for 40% of enlarged issued share capital of HAML, at a subscription price of HK$10.2 million.  Full Article

New World Development says FY profit attributable HK$7,675.7​ mln
Thursday, 21 Sep 2017 

Sept 21 (Reuters) - New World Development Co Ltd <0017.HK>:FY profit attributable HK$7,675.7​ million versus HK$8,666.3 million.FY revenue HK$56,628.8 million versus HK$59,570.0 million.Final dividend of HK$0.33 per share.‍It is expected that equity raising is not necessary in foreseeable future​.‍Group will further expand K11 brand into Mainland China​.  Full Article

New World Department Store China updates on privatisation offer
Wednesday, 26 Jul 2017 

July 26 (Reuters) - New World Department Store China Ltd <0825.HK>:As at 4 :00 p.m. On 26 July, offeror received valid acceptances in respect of 330.6 million offer shares representing about 70.76% of offer shares."offeror will not increase the offer price".Level of acceptance will become 376.1 million NWDSC shares, representing about 80.50% of offer shares.  Full Article

New World Development updates on privatisation to acquire New World Department store China
Wednesday, 5 Jul 2017 

July 5 (Reuters) - New World Development Co Ltd <0017.HK>::Updates on privatisation by way of offer by UBS AG Hong Kong branch to acquire all shares of new world department store China.Offer is made by UBS on behalf of offeror to acquire all of offer shares at cash consideration of HK$2.00 per offer share.  Full Article

Tencent, Alibaba, Xiaomi units win Hong Kong online banking licence

HONG KONG, May 9 Hong Kong's banking regulator has issued four more online-only banking licences to units of Alibaba, PingAn and smartphone maker Xiaomi, as well as to a JV involving Tencent , ICBC and Hillhouse Capital.