New World Development , one of the biggest property developers in Hong Kong, reported an interim net loss of HK$6.63 billion ($852.45 million) on Friday, following a prolonged property downturn and ...

Shares of New World Development Co. rose the most in five months, after the company’s chief executive officer pledged to cut ...

Henry Cheng, chairman of New World Development and Chow Tai Fook Jewellery, saw his fortune drop $2.6 billion.

They also want an update from new CEO Echo Huang on the firm's progress in its plans for deleveraging, debt repayment and ...

CEO Echo Huang, who has led the company since November, said she would increase cashflow and cut debt by accelerating asset sales and lowering capital expenditure. Financial markets are watching ...