2909.HK · New World Development Company Limited

About

About New World Development Company Limited

New World Development Company Limited, an investment holding company, invests in, develops, constructs, operates, manages, rents, and leases properties. Its property portfolio comprises residential projects, shopping malls, offices, hotels, and serviced apartments, as well as mixed-use commercial landmarks. The company also provides facility management, transport, and other services, as well as commercial aircraft leasing, container handling, storage, and bus and ferry services; and operates infrastructure projects, such as roads, environment, ports, logistics, and aviation facilities. In addition, it is involved in duty free operation and general trading, civil engineering and building construction, cultural and creation, retail and corporate sales, loyalty program, marketing, promotion, fashion retailing and trading, and piling and ground investigation businesses. Further, the company manages Hong Kong Convention and Exhibition Centre; operates hotels, golf clubs, shopping malls, and toll roads; operates and manages department stores; and provides information technology, healthcare, training course, financial, property agency management and consultancy, project management and consultancy, estate agency, management, car park management, advertising and media related, business and investment consultancy, and wireless telecommunication network services. Additionally, the company undertakes façade and foundation works; offers elderly residential and nursing care services; and sells LED lighting products and systems. It owns and operates a network of 22 New World branded, as well as 9 Ba Li Chun Tian branded department stores and shopping malls. As of June 30, 2019, the company had a total of 16 hotel properties with approximately 7,000 rooms in Hong Kong, Mainland China, and the Southeast Asia. New World Development Company Limited was founded in 1970 and is headquartered in Hong Kong, Hong Kong.