EconomyNew World Development posts HK$26.8 billion loss after 11 Skies termination
New World Development reported a HK$26.8 billion net loss for the year ended June, including HK$18.3 billion in impairments and provisions linked to the early termination of its flagship 11 Skies mall project. CEO Echo Huang said the group had met targets on its property focus, cash flow and operating efficiency over the past 18 months.
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South China Morning Post★★★☆☆2026-09-30 14:46Original
New World Development posts HK$26.8 billion loss after 11 Skies termination
Economy