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New World Development ( (HK:0017) ) has issued an announcement.
New World Development Company Limited has issued a clarification announcement in response to media speculation about a potential take-private offer involving its controlling shareholder and Blackstone Inc. The company has stated that no such approach has been made and advises stakeholders to rely only on official announcements for accurate information. This announcement aims to dispel rumors and maintain transparency, emphasizing caution for investors dealing in the company’s securities.
The most recent analyst rating on (HK:0017) stock is a Sell with a HK$9.00 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 prominent conglomerate based in Hong Kong, primarily engaged in property development, infrastructure, and services. The company operates a diverse portfolio, focusing on real estate, retail, and hospitality sectors, catering to a wide market in Hong Kong and beyond.
Average Trading Volume: 16,838,673
Technical Sentiment Signal: Sell
Current Market Cap: HK$16.28B
For an in-depth examination of 0017 stock, go to TipRanks’ Overview page.