Page 11 - World Development Co News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 raised plenty of eyebrows at the time, but few would disagree with him now. The past few years have seen...

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 Cheng wants nonproperty services to generate as much as 30% of income in five to seven years, he sa...

By Morgan Davis 17 Mar 2021 Japfa Comfeed Indonesia sold the country's 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, it's first in nearly four years.SLBs are still a new area of sustainable finance, but investors and issuers are increasingly interested in the product, bankers said. Hong Kong-based property developer New World Developmen...

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...