Market Chatter: New World Development Negotiating for Possible HK$9 Billion Sale of Mall

MT Newswires Live

01-28

New World Development (HKG:0017) said it is in talks with buyers for the potential sale of its K11 Art Mall in the Tsim Sha Tsui district, Hong Kong, Reuters reported Friday.

The developer received a HK$9 billion offer for the mall from China Resources unit CR Longdation, the report said, citing media reports in August 2024.

No binding agreement has been made, the report said, citing New World.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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