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NWD Reportedly Sells HK Airport Shopping Mall '11 Skies' at Loss
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, q...
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NWD Reportedly Sells HK Airport Shopping Mall '11 Skies' at Loss
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NEW WORLD DEV (00017.HK)  +0.070 (+1.270%)    Short selling $4.02M; Ratio 12.519%   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.

Related NewsUBS: Successful Sale of 11 SKIES Will Serve as Positive Catalyst for NWD
The group has conducted preliminary discussions with the Airport Authority Hong Kong regarding its plans.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-18 12:25.)

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