New World Development Co Ltd logo

New World Development Co Ltd

STU:NWDA (Hong Kong)   Ordinary Shares
€ 0.95 (+2.7%) Apr 26
At Loss
P/B:
0.09
Market Cap:
€ 2.44B ($ 2.61B)
Enterprise V:
€ 17.59B ($ 18.84B)
Volume:
-
Avg Vol (2M):
4.00K
Also Trade In:

Business Description

Description
New World Development, or NWD, is the listed property arm of Chow Tai Fook, owned by the Cheng family. Chow Tai Fook owns a 45% stake in NWD, which mainly engages in residential property development and investment properties of retail malls and offices in Hong Kong and mainland China. NWD also develops high-end hotels across Hong Kong, mainland China and in Southeast Asia. Additionally, NWD holds a 75% interest in New World Department Store China, which operates 24 department stores in mainland China.