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New World Department Store China Limited ( (HK:0825) ) has issued an update.
New World Department Store China Limited has issued a clarification announcement addressing media speculation about a potential take-private offer involving its parent company, New World Development Company Limited (NWD), by its controlling shareholder and Blackstone Inc. The company clarified that no such approach has been made to NWD, urging shareholders and potential investors to disregard market rumors and rely only on official announcements for information. This announcement aims to maintain transparency and protect stakeholders from misinformation.
More about New World Department Store China Limited
New World Department Store China Limited is a company operating in the retail industry, focusing on department store operations in China. It is part of a larger group with New World Development Company Limited owning approximately 75% of its shares.
Average Trading Volume: 235,110
Technical Sentiment Signal: Sell
Current Market Cap: HK$472.1M
Find detailed analytics on 0825 stock on TipRanks’ Stock Analysis page.