EconomyHong Kong developer New World gets approval to spin off K11 Shanghai assets
New World Development said it received approval from the Shanghai Stock Exchange to spin off and list a real estate investment trust containing its K11 Shanghai assets. The NWD C-Reit is expected to raise about 3.82 billion yuan, with estimated net proceeds of 3.24 billion yuan for the developer.
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South China Morning Post★★☆☆☆2026-09-21 12:00Original
Hong Kong developer New World gets approval to spin off K11 Shanghai assets
Economy