New World Development Unit to Sell Property to CEO

MT Newswires Live

2025/01/17

New World Development (HKG:0017) unit Orient Sea Investments agreed to sell a property to Echo Huang for nearly HK$54.9 million, a Thursday bourse filing said.

The property comprises a flat and car parking space in the residential redevelopment project STATE PAVILIA in Hong Kong.

As of Jan. 15, 21 residential units and 49 car parking spaces are available for pre-sale in the project, which is currently under construction.

Huang is the chief executive officer of New World Development.

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