New World looks to REIT in bid to rescue its shaky foundation
The company plans to list a commercial real estate investment trust in Shanghai, making it Hong Kong’s first developer to issue a C-REIT on a Mainland stock market Key Takeaways:…
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…
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