New World Development said to be making 2nd bid to take China unit private
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Hong Kong
REAL estate developer New World Development Co Ltd plans to make an offer to take its 69 per cent-owned China property unit private, in a deal that could be worth US$2.1 billion, Bloomberg reported on Monday, citing a person with knowledge of the matter.
Trading in shares of New World Development and New World China Land Ltd, which has market value of HK$54 billion (S$9.9 billion), was suspended on Monday pending a statement in relation to takeovers and mergers. The companies gave no further details.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
