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New World Development ( (HK:0017) ) has issued an announcement.
New World Development has clarified that its major shareholder Chow Tai Fook Enterprises has been approached by several potential investors regarding possible investments in the company, but discussions remain preliminary and no agreements have been reached on the size, structure or form of any deal. The company understands that none of the current proposals is intended to trigger a general offer for its shares, and it states it is unaware of any undisclosed inside information or factors that would require additional market disclosure at this time, while urging shareholders and investors to disregard market rumours and exercise caution when dealing in its securities.
The most recent analyst rating on (HK:0017) stock is a Hold with a HK$9.50 price target. To see the full list of analyst forecasts on New World Development stock, see the HK:0017 Stock Forecast page.
More about New World Development
New World Development Company Limited is a Hong Kong-incorporated conglomerate primarily engaged in property development and investment, infrastructure and services, and related businesses in Hong Kong and mainland China. The company’s securities are listed on the Main Board of the Hong Kong Stock Exchange, with a diversified shareholder base that includes Chow Tai Fook Enterprises (CTFE) as a key stakeholder.
Average Trading Volume: 11,510,945
Technical Sentiment Signal: Hold
Current Market Cap: HK$26.1B
For an in-depth examination of 0017 stock, go to TipRanks’ Overview page.