New World Development Company Limited
NWWDF
Other OTC1.23
USD
- -
- -
ISIN
HK0000608585
Return %
Stock
S&P500
1Y
92.19
26.53
3Y
-36.60
76.60
5Y
-76.84
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Shao-Mei Huang
- Full Time Employees
- 10,500
- Sector
- Real Estate
- Industry
- Real Estate - Diversified
- Address
- New World Tower Central Hong Kong
- IPO Date
- Nov 2, 2020
- Website
- nwd.com.hk
- Similar Companies
- Business
- New World Development Company Limited (Hong Kong stock code: 00017; OTC: NWWDF) is a Hong Kong-based investment holding company primarily engaged in property development and investment, infrastructure, services, hotels, department stores, and insurance across Greater China, with a focus on Hong Kong and Mainland China spanning more than 21 regions. Founded in 1970 and headquartered at New World Tower in Central, Hong Kong, the company develops and invests in residential, retail, office, and industrial properties including flagship projects such as The Pavilia Farm, The Pavilia Bay, Mount Pavilia, K11 MUSEA, 11 SKIES, and Victoria Dockside; operates department stores through listed subsidiary New World Department Store China Limited, hotels and residences like Rosewood Hong Kong, Grand Hyatt Hong Kong, and K11 ARTUS; provides infrastructure services via associated NWS Holdings Limited including toll roads, transportation, and utilities; offers insurance products through FTLife; healthcare via Humansa; loyalty programs such as New World CLUB and K Dollar; and additional services encompassing property management, construction, financial consultancy, retail trading, and facilities management. Wholly-owned New World China Land Limited supports its Mainland operations, while the group maintains total assets of approximately HK$420.3 billion as of June 30, 2025. In recent developments, New World Development sold its interest in D·PARK mall and carpark in Tsuen Wan to Chinachem Group for HK$4.02 billion in March 2024 to optimize its portfolio and recycle capital for core businesses; secured a term loan facility of up to HK$5.9 billion from Deutsche Bank in September 2025 backed by Victoria Dockside assets to support ordinary financing activities amid debt reduction efforts; launched a US$1.9 billion debt exchange offer in November 2025 for perpetual securities and notes to enhance liquidity and improve its financial position; signed a Strategic Partnership Agreement with Shanghai Huangpu District People’s Government in May 2025 to develop the Huaihai Road business district; and achieved its HK$26 billion contracted sales target for FY2024/2025 by June 2025, driven by strong sales of projects like THE PAVILIA FOREST in Kai Tak. These initiatives reflect ongoing strategic asset disposals, financing maneuvers, and expansion in key markets despite reporting a HK$19.7 billion net loss for the year ended June 2024 and leadership changes including the appointment of Echo Huang as CEO in November 2024.