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New World Development ( (HK:0017) ) just unveiled an update.
New World Development Company Limited issued a clarification announcement regarding market rumors about the company’s alleged involvement in discussions for a comprehensive debt restructuring. The company stated that it has not initiated any such discussions and emphasized that shareholders and investors should rely only on official announcements for accurate information about the company’s financial status.
More about New World Development
New World Development Company Limited is a diversified conglomerate based in Hong Kong, primarily engaged in property development, infrastructure, and services. The company, along with its subsidiaries, focuses on developing and managing real estate projects, and is a significant player in the Hong Kong market.
YTD Price Performance: -11.18%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.42B
Learn more about 0017 stock on TipRanks’ Stock Analysis page.
