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NEW WORLD DEV (00017.HK): Company Assets Receive Approaches from Potential Buyers from Time to Time
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NEW WORLD DEV (00017.HK) issued a clarification regarding media reports about the possible sale of certain Hong Kong hotel asset interests by the group. Although potential buyers have approached the company from time to time in relation to various assets (including Hong Kong hotel assets), the company has not entered into any discloseable agreement in respect of any such disposals to date. Market sources indicated that NEW WORLD DEV is in negotiations to sell a 50% stake in a portfolio of three Hong Kong hotel assets, with a total valuation of approximately USD2 billion. The potential buyer is Aravest, a Singapore-based real estate asset manager backed by SMFL under Sumitomo Mitsui Financial Group. (de/d) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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