Property News · November 3, 2023

Hong Kong’s third richest family set to complete NWS takeover deal after New World Development shareholders approve


Buyout by family led by billionaire Henry Cheng will see New World Development receive HK$21.75 billion (US$2.8 billion) to ease its debt burden and pay a special dividend of about HK$4 billion.

Source : South China Morning Post
Read more…Hong Kong’s third richest family set to complete NWS takeover deal after New World Development shareholders approve