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new world development (17) Snapshot

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new world development (17) Details

New World Development Company Limited, an investment holding company, invests in, develops, and manages properties in Hong Kong, Mainland China, and internationally. Its property portfolio comprises residential estates, office buildings, shopping centers, hotels, service apartments, and convention centers. The company is also involved in contracting activities; provision of property and facility management, transport, and other services; and infrastructure operations, including the operation of toll roads and bridges, power plants, water treatment, waste management plants, container handling, logistics, and warehousing services. In addition, it operates hotels, restaurants, hostel, department stores, golf club and resort, shopping mall, and art derivatives; provides telecommunication services; and invests, operates, markets, promotes, and manages Hong Kong convention and exhibition centre. Further, the company engages in general trading, construction and civil engineering, building construction, consumer products retail, estate agency, marketing and promotion, property agency management and consultancy, liquor and tobacco sale, carpark management, piling and ground investigation, land development, bond issuing, and arts and crafts collection sale and leasing activities, as well as in foundation works. Additionally, it provides management, management consultancy, financial, nominee, hotel management and consultancy, project management and consultancy, business and investment consultancy, and advertising and media related services; loyalty program; and information technology solutions. As at June 30, 2014, the company had a landbank of approximately 7.6 million square feet in Hong Kong; and operated and managed 39 self-owned stores and 4 managed stores in 21 cities in Mainland China. It also had a total of 17 hotels providing 7,600 guest rooms in Hong Kong, Mainland China, and Southeast Asia. The company was founded in 1970 and is based in Central, Hong Kong.

50,000 Employees
Last Reported Date: 03/18/15
Founded in 1970

new world development (17) Top Compensated Officers

Executive Vice-Chairman, Joint General Manage...
Total Annual Compensation: $12.2M
Joint General Manager, Executive Director and...
Total Annual Compensation: $5.1M
Chairman, Managing Director, Chairman of Exec...
Total Annual Compensation: $62.3M
Senior Director of Finance & Accounts Departm...
Total Annual Compensation: $15.7M
Executive Director and Member of Executive Co...
Total Annual Compensation: $9.2M
Compensation as of Fiscal Year 2014.

new world development (17) Key Developments

New World Seeks Acquisitions

New World Development Company Limited (SEHK:17) as teamed up with Abu Dhabi Investment Authority to form a 50-50 joint venture to pursue acquisitions in the hospitality industry, said New World.

New World Development Company Limited Enters Agreement with HIP Company Limited to Establish New Joint Venture Company

On 29 April 2015, New World Development Company Limited and its subsidiaries, namely Beames, Park New Astor and Great TST, entered into legally binding Transaction Agreements with HIP Company Limited (HIP), with a view to establishing a new joint venture company (JVC) in which Beames and HIP will each (directly or indirectly) hold 50% of the issued share capital and into which the entire ownership of three hotels, namely, Grand Hyatt Hong Kong, Renaissance Harbour View and Hyatt Regency TST (the Hotels) will be injected with effect from Closing. The Transaction agreements comprise the Investment Agreement between Beames and HIP, and the Asset Purchase Agreement between Park New Astor, the Company, Great TST and HIP. The total consideration for the sale and transfer of the Hotels to JVC Group is HKD 18,500 million (subject to customary closing adjustments), out of which approximately HKD 10,082 million will be received by the Company as its share in the cash proceeds (before expenses and subject to customary closing adjustments), for the Hotels on Closing.

New World Development Company Limited Declares Interim Dividend for the Six Months Ended 31 December 2014

On 27 February 2015, the Directors of New World Development Company Limited announced an interim dividend for the six months ended 31 December 2014 in cash, with an option to receive new shares in lieu of cash equivalent to HKD 0.12 per share, to shareholders on the register of members of the company on 26 March 2015.


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17 Competitors

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Company Last Change
Hang Lung Properties Ltd $18.14 HKD +0.62
Henderson Land Development Co Ltd $48.80 HKD +2.65
New World China Land Ltd $4.14 HKD +0.19
Sino Land Co Ltd $11.48 HKD +0.72
Tsim Sha Tsui Properties Ltd $22.60 HKD 0.00
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Valuation 17 Industry Range
Price/Earnings 5.8x
Price/Sales 1.2x
Price/Book 0.4x
Price/Cash Flow 6.2x
TEV/Sales NM Not Meaningful

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