NWWDF OTC

New World Development Company Limited, established in 1970 and headquartered in Central, Hong Kong, operates as an investment holding entity primarily focused on the property sector. The company is actively engaged in developing and investing in a wide array of real estate assets, spanning residential, retail, office, and industrial properties across both Hong Kong and Mainland China. Beyond its core property ventures, New World Development maintains a highly diversified business portfolio. This includes commercial aircraft leasing and the management of expressways. The firm also undertakes significant construction projects for both residential and commercial developments and provides various insurance solutions, such as life, medical, protection, and savings plans. Expanding further, its operations extend to duty-free retail, general trading, and civil engineering. It also manages loyalty programs, conducts marketing and promotional activities, and is involved in fashion retailing. Specialized services like piling and ground investigation are part of its offerings, as is the development and operation of sports parks. The company is responsible for managing the Hong Kong Convention and Exhibition Centre and operates a substantial hospitality division. This includes a network of hotels, which, as of June 30, 2022, comprised 15 properties with a total of 5,958 rooms located across Hong Kong, Mainland China, and Southeast Asia. Its hospitality and leisure footprint also encompasses golf and tennis academies, shopping malls, and department stores. Additionally, New World Development offers an extensive range of services, including information technology, healthcare, training courses, ticketing, financial solutions, project management, general management, advertising, business and investment consultancy, estate agency, wellness and rehabilitation, endoscopic services, carpark management, supply chain management, and catering. Lastly, it also undertakes façade and foundation works and provides residential care services for the elderly.