21 Followers HKEX:17 - New World Development Co Ltd New World Development Co Ltd
Sector: Real Estate, Industry: Diversified Real Estate Activities
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HKD 8.31    -0.22 (-2.58%)

27 Mar 2024


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General

Headquarters: HK

Description

New World Development, or NWD, is the listed property arm of Chow Tai Fook, owned by the Cheng family. Chow Tai Fook owns a 45% stake in NWD, which mainly engages in residential property development and investment properties of retail malls and offices in Hong Kong and mainland China. NWD also develops high-end hotels across Hong Kong, mainland China and in Southeast Asia. Additionally, NWD holds a 75% interest in New World Department Store China, which operates 24 department stores in mainland China.

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