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NWD Reportedly Mulls Selling Stake in USD2B HK's Hotel Asset Portfolio
NEW WORLD DEV (00017.HK) is in talks to sell a 50% stake in a portfolio of three Hong Kong hotels valued at a total of USD2 billion, Bloomberg reported, citing people with the know...
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NWD Reportedly Mulls Selling Stake in USD2B HK's Hotel Asset Portfolio
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NEW WORLD DEV (00017.HK)  -0.570 (-6.340%)    Short selling $18.69M; Ratio 20.312%   is in talks to sell a 50% stake in a portfolio of three Hong Kong hotels valued at a total of USD2 billion, Bloomberg reported, citing people with the knowledge of the matter.

The potential buyer is Aravest, a Singapore-based real estate management company backed by SMFL under Sumitomo Mitsui Finance & Leasing Co.

The portfolio reportedly includes the Grand Hyatt, the Renaissance Harbor View Hotel, and the Hyatt Regency in Kowloon. Abu Dhabi Investment Authority holds the remaining 50% stake in the portfolio.

Negotiations are purportedly still ongoing. After debt deductions, NEW WORLD DEV is expected to receive approximately USD300 million in cash proceeds from the transaction.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-18 16:25.)

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