New World Development (NWD) has agreed to dispose of its shopping centre and parking spaces in Tsuen Wan, selling them to rival Hong Kong property company Chinachem Group for HK$4.02 billion (US$510 million) as part of plans to cut its heavy debt load.
Source : South China Morning Post
Read more…New World sells its interest in D-Park mall in Tsuen Wan to rival Hong Kong developer Chinachem for US0 million
