BUSINESS● LOWSep 21 · Sep 21, 2026, 12:00 PM
Hong Kong developer New World gets nod to spin off K11 Shanghai assets
South China Morning Post · east asia
New World Development (NWD) received the green light from the Shanghai Stock Exchange to spin off and list a Reit (real estate investment trust) on the bourse, according to the distressed developer controlled by one of Hong Kong’s wealthiest families. The expected offering size for the NWD C-Reit was about 3.82 billion yuan (US$570 million), from which the group’s estimated net proceeds would be 3.24 billion yuan, Hong Kong-based NWD said in a statement on Monday. The underlying assets of the...
GlobeAlert aggregates and classifies open sources; the story above belongs to its publisher. Summaries are machine-generated from the source text.
More in Business
BUSINESSnowMunicipal Securities Underwriters Pay a Total of $325,000 in FinesSECBUSINESSnowSEC CHAIRMAN ARTHUR LEVITT, IOWA OFFICIALS TO HOLD INVESTORS’ TOWN MEETING IN DES MOINESSECBUSINESS27m agoBlackRock Non-GAAP EPS of $15.93 beats by $1.63, revenue of $7.75B beats by $320MSeeking Alpha TechBUSINESS28m agoKBR, Inc declares $0.165 dividendSeeking Alpha Tech