Page 6 - World Development Co News Today

Shirley Zhao, Bloomberg News Adrian Cheng , Bloomberg (Bloomberg) -- The prediction was vintage Jack Ma, as provocative as it was prescient.“This is the era of the internet,” the Chinese billionaire proclaimed in October 2013, just weeks after his plan to take Alibaba Group Holding Ltd. public in Hong Kong had been scuttled by regulators. “It no longer belongs to Li Ka-shing.”Ma’s dig at the famed Hong Kong tycoon rais...

Hong Kong Property Giant Doubles Down on Services in Mainland Expansion New World Development CEO Adrian Cheng wants nonproperty services to generate as much as 30% of the property giant’s income in five to seven years. Photo: Bloomberg (Bloomberg) — New World Development Co. Ltd., one of Hong Kong’s biggest real estate companies, is accelerating its expansion into areas such as health care and insurance as it targets more business on the Chinese mainland. New World Development CEO Adrian...

By Morgan Davis 17 Mar 2021 Japfa Comfeed Indonesia sold the countrys first sustainability-linked bond this week, leveraging the market fervour for environmental, social and governance (ESG) investing to tighten pricing more than it would have for a conventional deal. Morgan Davis reports. The poultry food company, rated —/BB-/BB-, raised $350m from the dollar bond sale, its first in nearly four years.SLBs are still a new area of sustainable finance, but investors and issuers are increasingly...

This marks the first time a Hong Kong landlord has closed a mall because of virus concerns.. Read more at straitstimes.com.

(Bloomberg) -- New World Development Co. extended closing its flagship mall in Hong Kong through Friday after a cluster of new Covid-19 cases centered there emerged over the past week. The developer decided to shut the K11 MUSEA shopping center -- located in the Tsim Sha Tsui section of Kowloon -- until Friday to begin deep cleaning and testing staff working in the premise, it said in a statement Monday morning. The mall was previously planned...

Li Ka-Shing Is Again Hong Kong’s Richest Person as Zoom Investment Pays Off picture Spare a thought for Hong Kong’s property tycoons, who saw their wealth shrink slightly in 2020 amid an economic recession caused in part by the pandemic that battered the city. Overall, though, the wealth of the city’s richest people grew 7.5% to $331 billion, according to the latest Forbes ranking of the region’s super-rich, even as the local economy contracted 6.1%, its worst showing since 1998. Li Ka...

New World Searches for M&A Chief as It Eyes More Deals Bloomberg 2/23/2021 Vinicy Chan © Bloomberg Pedestrians walk past New World Development Co.s Skycity mall as it stands under construction in Hong Kong, China, on Thursday, July 30, 2020. New Worlds Chief Executive Officer Adrian Cheng spearheaded the companys successful bid in May 2018 for the HK$20 billion shopping-and-entertainment complex at the airport. (Bloomberg) -- New World Development Co. is looking for a rainm...

Hong Kong-based property developer New World Development Co (NWD) opened a new area of issuance for Asian borrowers on Thursday when it sold the region's first dollar sustainability-linked bond.

Hong Kong Exodus to U.K. Could Be Boon for Developer Far East Shawna Kwan, Bloomberg News A demonstrator shows a British National (Overseas) passport as another waves a colonial-era Hong Kong flag during a lunchtime protest at the International Finance Center (IFC) shopping mall in Hong Kong, China, on Friday, May 29, 2020. Hong Kong leader Carrie Lam issued a letter to the citys people asking them to understand and support national security legislation that has spar...