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From prosperity to debt: How New World Development, led by Hong Kong’s billionaire Cheng family, became warning tale of succession

New World Development, built by the Chengs – one of Hong Kong’s “big four” property dynasties, is now struggling with debt after years under a third-generation heir’s leadership, highlighting the ...
Skift

New World in Talks With Blackstone to Sell Some Hotel Assets

Photo Credit: A king bed guestroom at the Rosewood Hong Kong Hotel, with a view of the Grand Harbour. Rosewood Hong Kong, which debuted in 2019, is an attempt to be Hong Kong's most sumptuous hotel.
Seeking Alpha

New World Development Company Limited (NDVLY) Q4 2025 Earnings Call Transcript

Greetings. Welcome to New World Development's FY 2025 Annual Results Announcement webcast for analysts and investors. I am Patrick Cheong, Head of IR and also the moderator for this session. First of ...
Bloomberg L.P.

New World in Talks With Blackstone, CapitaLand for Asset Sales

New World Development Co. is in talks with several potential investors including Blackstone Inc. and CapitaLand Group Pte. as the cash-strapped Hong Kong developer seeks to dispose of assets to ...
Forbes

New World Scion Adrian Cheng Launches Firm To Back Digital Assets And ‘Transformative Industries’

The founding of Almad Group marks a fresh chapter for Cheng, who had been seen as the heir apparent to Hong Kong’s third richest family until he stepped down as New World CEO. Adrian Cheng, the ...