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An update from New World Development ( (HK:0017) ) is now available.
New World Development, a Hong Kong-based company, announced a connected transaction involving the sale of a property unit in the State Pavilia residential redevelopment project. The property was sold to Ms. Huang Shaomei, Echo, an executive Director and the CEO of the company, for HK$54,880,000. This transaction, due to its nature involving a connected person, is subject to specific reporting and announcement requirements under the Listing Rules. The sale includes a structured payment method and offers potential cash rebates for early completion, as well as an additional benefit of a three-year patronship at the HKGTA Town Club.
More about New World Development
YTD Price Performance: -13.28%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.35B
For an in-depth examination of 0017 stock, go to TipRanks’ Stock Analysis page.
