New World Development

New World Development ( NWD ) is a Chinese company based in Hong Kong. The company is listed on the Hong Kong Stock Exchange share index Hang Seng Index. As a conglomerate NWD is active in several sectors of the economy. NWD builds, owns and sells goods such as hotels, office buildings, retail markets and homes. The company is controlled by Chinese billionaire Cheng Yu -Tung on its holding company Chow Tai Fook Enterprises.

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