BRIEF: Blackstone nears deal to become New World Development major shareholder
U.S. private equity giant Blackstone Inc. (BX.US) is nearing a deal that would make it the largest stakeholder in troubled Hong Kong conglomerate New World Development Co. Ltd. (0017.HK), according…
Do property impairment losses affect developers?
In addition to its property sales and rental income, changes in the value of its properties can also affect a developer’s performance By Lau Chi Hang Established developer New…
