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The latest announcement is out from New World Development ( (HK:0017) ).
New World Development has publicly addressed recent media speculation about potential new investors in the company, confirming that its controlling shareholder, Chow Tai Fook Enterprises, has been approached by several parties regarding possible investments but has not reached any agreement on the amount, nature or form of any such deal. The company stressed that there is no assurance any investment will materialise, stated it is not aware of undisclosed inside information that could affect its share price, and urged shareholders and investors not to rely on market rumours but to exercise caution and base decisions solely on official announcements, signalling a desire to stabilise market expectations amid ongoing interest from prospective investors.
The most recent analyst rating on (HK:0017) stock is a Hold with a HK$10.00 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 listed on the Stock Exchange of Hong Kong. Through its subsidiaries, the group is primarily engaged in property development, investment and related businesses, with a focus on the Hong Kong and Mainland China markets and a diversified portfolio of assets and securities held by a controlling shareholder, Chow Tai Fook Enterprises Limited.
Average Trading Volume: 11,182,342
Technical Sentiment Signal: Hold
Current Market Cap: HK$26.27B
Find detailed analytics on 0017 stock on TipRanks’ Stock Analysis page.