New World Development Company Limited (NWD) is a Hong Kong–based company
focused on property, hotels, infrastructure and services and department
stores. It was established on 29 May 1970 by Cheng Yu-tung. The company is
publicly listed on the Stock Exchange of Hong Kong Limited (SEHK: 17) since 23
November 1972 and was formerly a constituent stock of Hong Kong Hang Seng
Index.
Over the last four decades, the group has also actively participated in
various businesses in Mainland China and established itself as one of the
largest foreign direct investors in the country. The group's existing
investments in Mainland China has exceeded US$16.5 billion, spreading across
four municipalities and over 19 provinces.
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