New World Development (HK:0017) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
New World Development Company Limited has announced its ongoing negotiations for the potential sale of its entire stake in Kai Tak Sports Park Limited to Chow Tai Fook Enterprises Limited, a connected entity. While no binding agreement has been reached, the transaction hinges on key terms, including pricing and requisite government and regulatory approvals. Shareholders and potential investors are cautioned to be prudent in their dealings as the sale’s finalization is not guaranteed.
For further insights into HK:0017 stock, check out TipRanks’ Stock Analysis page.
