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22 Dec

New World Group Launches Inventing Your Future Education Sponsorship Scheme to Promote Family-friendly Culture

New World Development Company Limited (“New World Group” or “the Group”; Stock Code: 17.HK) has launched a number of family-friendly measures this year, including family care leave, flexible working hours and the Inventing Your Future Education Sponsorship Scheme (“the Scheme”) which recognises outstanding academic or non-academic accomplishments of employees’ children with education subsidies. Adrian Cheng, Executive Director and Joint General Manager of New World Development Company Limited and founder of the Scheme, presented awards to subsidy recipients in a recent award presentation ceremony.

Adrian Cheng said, “The Scheme goes in line with our family-friendly mission and caring culture. In addition to alleviating financial burden of employees, the Scheme also encourages their children to tap into their academic and non-academic potential for all-round development. While promoting staff wellbeing through family-friendly measures, we hope that employees’ children will be able to contribute to society with their knowledge in the future.”  

The debut Scheme offers support to 30 children of employees. Primary and secondary students will be granted school textbook subsidies for three consecutive years, while university students will receive tuition subsidies for two years in a row. To promote all-round development of youths, the subsidies are granted based on the students’ academic and non-academic achievements.

The multi-talented students also put on musical and dance performances to celebrate the special occasion.


New World Development Company Limited

Founded in 1970, New World Development Company Limited (“New World Group”, Stock Code: 17.HK) was publicly listed in Hong Kong in 1972 and is a constituent stock of the Hong Kong Hang Seng Index. A diversified holding company with a focus on property development, New World Group’s core business areas include property development, infrastructure and service, department stores and hotels. As at 30 June 2014, the total asset value of the Group amounted to HK$369.2billion.

As at 30 June 2014, the Group has an effective interest of approximately 61.3% in NWS Holdings Limited (Stock Code: 659.HK), approximately 69.7% in New World China Land Limited (Stock Code: 917.HK) and approximately 72.3% in New World Department Store China Limited (Stock Code: 825.HK).