Trading in shares of New World Development halted pending statement, HKEx filing shows

Reuters

2024-11-29

Trading in shares of New World Development halted pending statement, HKEx filing shows

HONG KONG, Nov 29 (Reuters) - Trading in shares of Hong Kong property developer New World Development 0017.HK was halted in early Friday afternoon pending a company statement, according to a filing from the Hong Kong bourse.

Trading in shares of New World Department Store China Ltd 0825.HK was also halted.

New World's CEO, Eric Ma, is expected to step down from the Hong Kong-based property developer, Bloomberg News reported on Friday, citing people familiar with the matter.

(Reporting by Hong Kong newsroom; Editing by Himani Sarkar)

((donny.kwok@thomsonreuters.com; +852 3462 7745;))

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