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28 Jan

New World Group Sponsors and Organises the first Qianhai - Shenzhen - Hong Kong Athletics Carnival

Sponsored and organised by New World Development Company Limited (“New World Group” or “the Group”; Stock Code: 17.HK), the first Qianhai – Shenzhen – Hong Kong Athletics Carnival was held in Qianhai, Shenzhen, on 24 January 2015, drawing over 3,000 people for sports and cultural exchange. Officiating guests at the opening ceremony were He Zijun, Party Committee Secretary of The Institution and Deputy Director-General of Qianhai Authority, Adrian Cheng, Executive Director and Joint General Manager of New World Group, and Gary Chen, Executive Director and Joint General Manager of New World Group, and Lynda Ngan, Executive Director of New World China Land Limited.

Adrian Cheng said: “Qianhai has recently become a free trade zone that enhances financial cooperation between Guangdong and Hong Kong, and through organising this event, the Group hopes to promote exchange between Shenzhen and Hong Kong. Tapping into the trend of Hong Kong-Shenzhen integration, the Group’s development projects in Shenzhen are in the pipeline. The Group is also poised to seize business opportunities in the Pearl River Delta region arising from the integration of Guangzhou and Foshan. New World China Land Limited, a subsidiary of the New World Group, is our property development arm in Mainland China. It has started to gain a foothold in the mainland property market in the 1980s. Adopting a multi-pronged approach in the South China region, it boasts a landmark property portfolio spanning Guangzhou, Guiyang, Haikou, Huizhou, Zhuhai, Zhaoqing and Foshan.”

New World China Land Limited currently focuses its Shenzhen property development in Yantian, including The Hillswood, the third phase of Yantian Yishan Garden, and New World Signature Hill, a high-end villa project located at Jiangangshan Peak. New World Signature Hill benefits from Qianhai’s booming development and offers panoramic view of the six surrounding scenic mountains like Jiangangshan, Dajingshan, and Zisongshan etc. This high-end villa project is expected to be launched for sale in mid-2015. With sustainable development incorporated into its design and operation, The Hillswood is well poised to be a pilot sustainable development community in Shenzhen.

Organising a Mainland China-Hong Kong marathon in the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone for the first time, the Group invited participants from 60-plus corporations, including its subsidiaries New World China Land Limited, NWS Holdings Limited and New World Department Store China Limited, as well as sister company Chow Tai Fook Jewellery and other business partners to take part in this event.

 

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).