{"id":57192,"date":"2017-06-07T10:14:42","date_gmt":"2017-06-07T03:14:42","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-to-buy-out-its-china-retail-unit-in-hk934-5-million-privatisation-plan\/"},"modified":"2017-06-07T18:00:46","modified_gmt":"2017-06-07T11:00:46","slug":"new-world-to-buy-out-its-china-retail-unit-in-hk934-5-million-privatisation-plan","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-to-buy-out-its-china-retail-unit-in-hk934-5-million-privatisation-plan\/","title":{"rendered":"New World to buy out its China retail unit in HK$934.5 million privatisation plan"},"content":{"rendered":"


\nNew World Development Co., the holding company of the Cheng family, one of the wealthiest in Hong Kong, will buy out a retail unit that operates department stores in mainland China in a HK$934.5 million (US$119.90 million) privatisation plan.
\nNew World Development will offer HK$2 per share to buy the 27.7 per cent of New World Department Store China Ltd. that it doesn\u2019t already own, according to a statement to the Hong Kong stock exchange. Shares of the retail operator jumped 43 per cent…
\n
\nSource : South China Morning Post
\nRead more…New World to buy out its China retail unit in HK4.5 million privatisation plan<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New World Development Co., the holding company of the Cheng family, one of the wealthiest...<\/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-57192","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-eSs","jetpack-related-posts":[{"id":64860,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-department-stores-privatisation-plan-fails-to-garner-required-support-from-shareholders\/","url_meta":{"origin":57192,"position":0},"title":"New World Department Store\u2019s privatisation plan fails to garner required support from shareholders","date":"August 29, 2017","format":false,"excerpt":"\r Plans by the parent firm of New World Department Store China to take it private for HK$934.5 million have failed, after not managing to garner enough support from independent shareholders for a full buyout of the operation. By the end of its final closing date on Monday, New World\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69260,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-future-lands-us650-million-privatisation-bid-rejected-by-shareholders\/","url_meta":{"origin":57192,"position":1},"title":"Chinese developer Future Land\u2019s US$650 million privatisation bid rejected by shareholders","date":"October 17, 2017","format":false,"excerpt":"\r Chinese billionaire developer Wang Zhenhua\u2019s HK$5.1 billion (US$650 million) bid to take his Hong Kong-listed real estate company Future Land Development private failed after shareholders rejected the buy-back offer because they believed the company is worth more. The property company scrapped its privatisation proposal after more than 10 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123868,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-privatisation-offer-by-joseph-laus-family-too-low-to-accept-shareholders-say\/","url_meta":{"origin":57192,"position":2},"title":"Chinese Estates privatisation offer by Joseph Lau\u2019s family too low to accept, shareholders say","date":"December 17, 2021","format":false,"excerpt":"\r The offer to take Chinese Estates Holdings private by Hong Kong magnate Joseph Lau Luen-hung\u2019s family was too low to accept, some shareholders said on Friday before a special general meeting where they will vote on the offer.Trading in the company\u2019s shares was halted on Friday afternoon, according to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":837,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-revives-plan-to-take-its-mainland-china-property-unit-private\/","url_meta":{"origin":57192,"position":3},"title":"New World Development revives plan to take its mainland China property unit private","date":"January 6, 2016","format":false,"excerpt":"\r New World Development, chaired by Henry Cheng Kar-shun, has revived a privatisation plan for its subsidiary New World China Land in a HK$21.4 billion deal to buy out the shares it does not own in the property unit.\r \r Source : South China Morning Post\r Read more...New World Development\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48952,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/goldin-properties-shares-surge-to-14-month-high-after-chairman-proposes-privatisation-plan\/","url_meta":{"origin":57192,"position":4},"title":"Goldin Properties shares surge to 14-month high after chairman proposes privatisation plan","date":"March 21, 2017","format":false,"excerpt":"\r Shares of Goldin Properties Holdings, owner of China\u2019s biggest polo club in Tianjin, surged to a 14 month high on Tuesday after its chairman Pan Sutong proposed privatising the property developer. Goldin at one stage surged more than 20 per cent to HK$8 per share \u2013 the highest since\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110248,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-chinese-developer-jiayuan-says-hong-kong-micro-flats-profitable-despite-price-cuts-reports-23-per-cent-rise-in-interim-profit\/","url_meta":{"origin":57192,"position":5},"title":"Mainland Chinese developer Jiayuan says Hong Kong micro flats profitable despite price cuts, reports 23 per cent rise in interim profit","date":"August 27, 2019","format":false,"excerpt":"\r The mainland Chinese property developer behind Hong Kong\u2019s smallest micro flats ever \u2013 smaller than a car park at 128 sq ft \u2013 said the development was profitable even after it cut prices by as much as 38 per cent to as low as HK$1.73 million (US$220,514) per unit\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\/57192"}],"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=57192"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/57192\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=57192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=57192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=57192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}