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NWD Reportedly Sells HK Airport Shopping Mall '11 Skies' at Loss
2025-07-16 17:32:04 NEW WORLD DEV (00017.HK) is seeking to sell its large shopping mall, 11 Skies, located near Hong Kong International Airport, to address liquidity constraints, Bloomberg reported, quoting people familiar with the matter. The property is valued at HKD15-17 billion, while the investment amount was HKD20 billion, indicating the group will sell the property at a loss. The group has conducted preliminary discussions with the Airport Authority Hong Kong regarding its plans. ~ AASTOCKS Financial News Website: www.aastocks.com | |