New World Development (HK:0017) has released an update.
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New World Development Company Limited successfully passed a resolution for a significant Disposal and Sale and Purchase Agreement with overwhelming support, receiving 99.99% approval from Independent Shareholders at their Extraordinary General Meeting on August 22, 2024. The resolution authorizes directors to execute necessary documents to finalize the transactions. The decision marks a pivotal move for the company, with certain major shareholders abstaining from the vote in compliance with regulatory guidelines.
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