{"id":111085,"date":"2019-09-26T18:47:33","date_gmt":"2019-09-26T11:47:33","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-new-worlds-farmland-donation-destroyed-shareholder-value-analysts-say\/"},"modified":"2019-09-26T19:07:23","modified_gmt":"2019-09-26T12:07:23","slug":"hong-kong-developer-new-worlds-farmland-donation-destroyed-shareholder-value-analysts-say","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-new-worlds-farmland-donation-destroyed-shareholder-value-analysts-say\/","title":{"rendered":"Hong Kong developer New World\u2019s farmland donation \u2018destroyed shareholder value\u2019, analysts say"},"content":{"rendered":"


\nNew World Development\u2019s donation of 3 million sq ft of farmland for public housing as well as to NGOs on Wednesday has led some analysts to say the company, Hong Kong\u2019s fourth-largest developer, had harmed shareholders\u2019 interest and breached its fiduciary duty.\u201cCompanies have a duty to their shareholders, to protect shareholder value and try to enhance it,\u201d activist investor David Webb said in an interview. \u201cThey can\u2019t just give away company assets without believing that, in some way, this will\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong developer New World\u2019s farmland donation \u2018destroyed shareholder value\u2019, analysts say<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New World Development\u2019s donation of 3 million sq ft of farmland for public housing as...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-111085","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-sTH","jetpack-related-posts":[{"id":170444,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nwd-shares-jump-after-market-views-likely-stake-sale-to-new-investor-as-positive\/","url_meta":{"origin":111085,"position":0},"title":"NWD shares jump after market views likely stake sale to new investor as positive","date":"January 29, 2026","format":false,"excerpt":"\r The potential sale of a stake in New World Development (NWD) to new investors will help the embattled Hong Kong-listed developer improve its balance sheet and liquidity, benefiting creditors and shareholders alike, according to analysts. It was reported earlier that New York-based private equity giant Blackstone was interested in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":142724,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-sunshine-100-says-it-is-assessing-impact-of-liquidation-order-against-controlling-shareholder-joywise-holdings\/","url_meta":{"origin":111085,"position":1},"title":"Chinese developer Sunshine 100 says it is assessing impact of liquidation order against controlling shareholder Joywise Holdings","date":"February 22, 2024","format":false,"excerpt":"\r Embattled mainland Chinese property developer Sunshine 100 is evaluating the impact of a winding-up order against its controlling shareholder, Joywise Holdings, according to a filing with the Hong Kong exchange.\r \r Source : South China Morning Post\r Read more...Chinese developer Sunshine 100 says it is assessing impact of liquidation\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28529,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrandes-bid-for-a-share-status-likely-to-face-tough-regulatory-scrutiny-analysts-say\/","url_meta":{"origin":111085,"position":2},"title":"Evergrande\u2019s bid for A-share status likely to face tough regulatory scrutiny, analysts say","date":"October 4, 2016","format":false,"excerpt":"\r China Evergrande Group may have unveiled an ambitious plan to carry out a backdoor listing of its core property assets on the mainland Chinese stock market, but analysts said the move is likely to face major regulatory challenges. The country\u2019s second largest developer, listed in Hong Kong, said on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111054,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-donates-3-million-square-feet-of-farmland-to-ease-hong-kongs-housing-crisis\/","url_meta":{"origin":111085,"position":3},"title":"New World Development donates 3 million square feet of farmland to ease Hong Kong\u2019s housing crisis","date":"September 25, 2019","format":false,"excerpt":"\r New World Development said it will donate 3 million square feet of farmland for public and social housing development in Hong Kong.Adrian Cheng Chi-kong, executive vice-chairman and general manager at New World Development said the donation was aimed at alleviating the serious shortage of land for housing that has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34408,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vanke-delays-restructuring-plan-as-evergrande-keeps-its-hand-hidden\/","url_meta":{"origin":111085,"position":4},"title":"Vanke delays restructuring plan as Evergrande keeps its hand hidden","date":"November 15, 2016","format":false,"excerpt":"\r China Vanke Co., the prize in a boardroom tussle that\u2019s gripped the country, said it postponed a shareholders\u2019 meeting to discuss a restructuring plan, as its third-largest shareholder kept its hands hidden as to whether it intends to be a friend or foe in the hostile takeover. \u201cVanke will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97000,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-sino-land-reports-99-9-per-cent-profit-jump-as-chengdu-property-sale-boosts-bottom-line\/","url_meta":{"origin":111085,"position":5},"title":"Hong Kong developer Sino Land reports 99.9 per cent profit jump, as Chengdu property sale boosts bottom line","date":"August 31, 2018","format":false,"excerpt":"\r Hong Kong developer Sino Land said on Thursday its underlying net profit for the first half of 2018 had nearly doubled to HK$11 billion (US$1.4 billion), boosted by the disposal of a property in Chengdu, even as property sales revenue declined. The company\u2019s underlying net profit to shareholders, excluding\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111085"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=111085"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111085\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=111085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=111085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=111085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}