Hong Kong's New World to sell shopping mall development for $514 mln

HONG KONG, March 1 (Reuters) - Hong Kong property developer New World Development 0017.HK agreed to sell to a local shopping mall with 1,000 parking spaces for HK$4.02 billion ($513.55 million).

The buyer is property peer Chinachem Group, according to a joint statement by the two companies on Friday.

($1 = 7.8279 Hong Kong dollars)

(Reporting by Clare Jim; Editing by)

((clare.jim@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.