New World China Jumps to 8-Year High on Privatization Offer

  • The Hong Kong developer offers HK$7.80 for each share of unit
  • Company failed in bid to take China unit private in 2014

New World China Land Ltd. shares surged to the highest in more than eight years in Hong Kong on an offer by its parent to take the China unit private for HK$21.5 billion ($2.8 billion), after a similar bid was rejected by minority shareholders in 2014.

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