New World in talks with controlling shareholder over potential stake sale

Reuters

2024/09/26

Sept 26 (Reuters) - Hong Kong's New World Development

on Thursday said it was in talks with its controlling shareholder, Chow Tai Fook Enterprises, to sell its entire stake in Kai Tak Sports Park to Chow Tai Fook Enterprises.

(Reporting by Rishav Chatterjee in Bengaluru; Editing by Vijay Kishore)

((Rishav.Chatterjee@thomsonreuters.com;))

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