{"id":140139,"date":"2023-11-03T05:00:25","date_gmt":"2023-11-02T22:00:25","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-third-richest-family-set-to-complete-nws-takeover-deal-after-new-world-development-shareholders-approve\/"},"modified":"2023-11-03T05:21:35","modified_gmt":"2023-11-02T22:21:35","slug":"hong-kongs-third-richest-family-set-to-complete-nws-takeover-deal-after-new-world-development-shareholders-approve","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-third-richest-family-set-to-complete-nws-takeover-deal-after-new-world-development-shareholders-approve\/","title":{"rendered":"Hong Kong\u2019s third richest family set to complete NWS takeover deal after New World Development shareholders approve"},"content":{"rendered":"


\nBuyout 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.
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s third richest family set to complete NWS takeover deal after New World Development shareholders approve<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Buyout by family led by billionaire Henry Cheng will see New World Development receive HK$21.75...<\/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-140139","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-Asj","jetpack-related-posts":[{"id":161621,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nwd-reports-higher-losses-as-ceo-says-debt-reduction-efforts-yield-results\/","url_meta":{"origin":140139,"position":0},"title":"NWD reports higher losses as CEO says debt reduction efforts yield results","date":"September 26, 2025","format":false,"excerpt":"\r New World Development (NWD), controlled by one of Hong Kong\u2019s richest families, reported losses for the second consecutive year even as its CEO assured shareholders that there was no need for \u201cundue concern\u201d. The developer, which has been battling liquidity problems for the past three years, said losses from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104513,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-sino-land-reports-half-year-profit-of-hk2-37-billion-expects-improved-sales-in-second-half\/","url_meta":{"origin":140139,"position":1},"title":"Hong Kong\u2019s Sino Land reports half-year profit of HK$2.37 billion, expects improved sales in second half","date":"February 28, 2019","format":false,"excerpt":"\r Hong Kong property developer Sino Land reported a 73 per cent drop in underlying net profit attributable to shareholders for the July to December period, with the decline attributed to distortions created by one-off asset disposals in the year earlier period.Underlying profit, excluding the revaluation gains on investment property,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64208,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-plans-us3-2b-emerging-industrial-cluster-in-kowloon-east\/","url_meta":{"origin":140139,"position":2},"title":"New World Development plans US$3.2b \u2018emerging industrial cluster\u2019 in Kowloon East","date":"August 22, 2017","format":false,"excerpt":"\r New World Development is planning to invest HK$25 billion (US$3.2 billion) to create an \u201cemerging industrial cluster\u201d that will feature co-working concept developments in Kowloon East designed to woo innovative technology start-ups. The developer, chaired by Hong Kong\u2019s third richest family of Henry Cheng Kar-shun, unveiled the plan after\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83187,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-richest-woman-is-still-eyeing-her-biggest-purchase-even-though-her-paper-wealth-has-halved\/","url_meta":{"origin":140139,"position":3},"title":"Hong Kong\u2019s richest woman is still eyeing her biggest purchase \u2013 even though her paper wealth has halved","date":"March 20, 2018","format":false,"excerpt":"\r Hong Kong\u2019s wealthiest woman is still shopping for the biggest purchase of her life \u2013 a stake in the world\u2019s most expensive office building \u2013 even if her wealth on paper had been halved. Pollyanna Chu Lee Yuet-wah, co-founder of Kingston Financial Group, said she is close to completing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93107,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/billionaire-rita-tong-lius-incredible-story-of-breaking-barriers-to-become-hong-kongs-fourth-richest-woman\/","url_meta":{"origin":140139,"position":4},"title":"Billionaire Rita Tong Liu\u2019s incredible story of breaking barriers to become Hong Kong\u2019s fourth richest woman","date":"July 4, 2018","format":false,"excerpt":"\r Real estate tycoon Rita Tong Liu, the fourth-richest woman in Hong Kong, has quite the story \u2013 she turned a family gift of HK$1 million (US$127,473) into a business worth US$3.4 billion. In the early 1970s she received the money from her husband\u2019s family to begin investing. That, along\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111662,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/housing-policy-cushions-hong-kongs-property-slump-adding-us3-billion-to-wealth-of-citys-six-richest-real-estate-tycoons\/","url_meta":{"origin":140139,"position":5},"title":"Housing policy cushions Hong Kong\u2019s property slump, adding US$3 billion to wealth of city\u2019s six richest real estate tycoons","date":"October 17, 2019","format":false,"excerpt":"\r The Hong Kong government\u2019s relaxation of mortgage payment rules for the first time in nine years would help spur sales of lived-in homes by as much as 30 per cent in the quarter ending in December, putting a cushion under the slump in the city\u2019s real estate sales.In her\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\/140139"}],"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=140139"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/140139\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=140139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=140139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=140139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}