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30 Nov

New World Development’s Artisanal Movement Scoops Three Accolades at Bloomberg Businessweek Awards

New World Development Company Limited (the “Group”) was presented with three top accolades by Bloomberg Businessweek Chinese at their awards ceremony in Hong Kong: Listed Enterprises Award (Outstanding Performance for Three Consecutive Years), Best Innovation Award and Best Investor Relations Award. This year marks the debut of the award and the Group’s achievement is all the more remarkable as it is the only listed company to receive these three prestigious honours. The Group’s outstanding demonstration of expertise in different areas has deservedly earned it a high level of international recognition through these awards.

The inaugural Listed Enterprises Award from Bloomberg Businessweek, the most widely-respected and influential financial magazine in the capital market, is designed to recognise outstanding performance in listed companies and to encourage them to make even greater contributions to the stability and prosperity of the economy of Hong Kong. Award winners were selected by an independent panel of expert judges, including highly-regarded business leaders and the magazine’s distinguished editorial team. Award criteria include company performance, corporate governance, investor relations, development strategy, corporate social responsibility, leadership, profitability, return on equity, innovations and risk management.

The Group has established its unique personality through The Artisanal Movement, demonstrating its spirit of bespoke craftsmanship and innovative ideas by listening attentively to the voices of customers and staff. We are dedicated to formulating future business plans through continuous improvement to accomplish our aim of bespoke service excellence, creating the best value for the Group and our stakeholders in accordance with the Group’s vision.

About New World Development Company Limited

Founded in 1970, New World Development Company Limited (“The Group”, Hong Kong stock code: 00017) was publicly listed in Hong Kong in 1972 and is a constituent stock of the Hong Kong Hang Seng Index. A premium brand infused with a unique personality defined by The Artisanal Movement, New World Group’s core business areas include property development, infrastructure and services, department stores and hotels. As of 30 June 2016, the total asset value of the Group amounted to HK$392.1 billion. The Group has an effective interest of approximately 61% in NWS Holdings Limited (Hong Kong stock code: 00659), approximately 72% in New World Department Store China Limited (Hong Kong stock code: 00825). New World China Land Limited is wholly owned by the Group.