New World Corporation Sells 30% Stake in Qianhai Tower to Parent Company for US$198 Million
Wednesday, 26 June 2024, 22:45
New World Corporation Stake Sale
In a recent development, Hong Kong-listed New World Corporation made a significant strategic move by divesting a 30% stake in the North tower of the Shenzhen Qianhai Chow Tai Fook Finance Centre to its parent company, Chow Tai Fook Enterprises. The transaction amount was US$198 million, reflecting the company's focus on optimizing its asset portfolio and enhancing operational efficiency for future growth.
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