New World Development Company Limited (“the Group”, Hong Kong stock code: 00017), a premium brand infused with a unique personality defined by The Artisanal Movement, was founded in 1970 and was publicly listed in Hong Kong in 1972. It is a constituent stock of the Hong Kong Hang Seng Index, with a total asset value of HK$420.4 billion as at 31 December 2016. Our core business areas include property development, infrastructure and services, retail, and hotels and serviced apartments, boasting operations in Hong Kong, Mainland China, Macau and numerous major cities.
A record number of 2,734 participants with Rio Olympic swimmers from Hong Kong and overseas took part in New World Harbour Race 2016
New World Harbour Race 2015 celebrates 5th anniversary with record number of 2,330 swimmers
New World Group Organises the first Qianhai - Shenzhen - Hong Kong Athletics Carnival
Rosewood Beijing, the first Rosewood property in Mainland China, opens
K11 marks its fifth anniversary
New World Development releases its first Sustainability Report
New World International Triathlon, the first urban triathlon held in Hong Kong, was staged on 1 December 2013.
New Year．New World - Hong Kong Countdown Celebrations ushers in the New Year with hundreds of thousands of spectators on both sides of Victoria Harbour.
New World Group launches New World Swimming Academy to nurture under-resourced children.
New World Group announces its full support to New World Harbour Race, an iconic sporting event organised by the Hong Kong Amateur Swimming Association after a 33-year hiatus.
K11, the world's first art mall developed by New World Development celebrates its grand opening.
With a $40-million construction cost sponsored by New World Group, Avenue of Stars, a tourist attraction honouring outstanding professionals of Hong Kong's movie industry, is officially opened.
After completion of a reorganisation, PPC is renamed NWS Holdings Limited with a brand new logo created to represent a new era for the company.
New World Services Limited sets up New World First Ferry Services Limited and purchases 14 ferry vessels, a depot at Cheung Sha Wan, together with the operation rights of eight ferry routes from The Hong Kong Ferry (Holdings) Company Limited and The Hongkong and Yaumatei Ferry Company Limited.
New World First Bus Services Limited receives a 5-year franchise to operate bus routes and commences its service.
New World Department Stores (Holdings) Limited opens its first store in Wuhan.
Hong Kong Convention and Exhibition Centre is officially opened by HRH Prince Charles, The Prince of Wales.
New World Group starts its infrastructure business in Mainland China by participating in the construction of Guangzhou City Northern Ring Road.
Phase Two of the New World Centre is completed.
New World Development’s participation in China Hotel Guangzhou, the first Sino-foreign joint-venture hotel in Mainland China, marks the beginning of New World’s investment in Mainland China property market.
New World Development acquires and sets up its head office at the then American International Tower at 18 Queen's Road Central. American International Tower was renamed as New World Tower on 1 January 1980.
City One Shatin, a residential project comprising 53 towers, is completed.
New World Development Company Limited is established to venture into property development. Dr Ho Sin Hang is elected Chairman of the Company, while Dr Cheng Yu Tung is appointed Director and General Manager. Chow Tai Fook Enterprises Limited is the Company's largest shareholder.
Awards and Recognitions
Mr Adrian Cheng, Executive Vice-chairman and General Manager, New World Development garners the 7th Asian Excellence Recognition Awards – Asia’s Best CEO (Investor Relations)Organiser: Corporate Governance Asia
Mr Au Tak Cheong, Executive Director, New World Development garners the 7th Asian Excellence Recognition Awards – Asia’s Best CFO (Investor Relations)Organiser: Corporate Governance Asia