OUR RECAPITALISATION PLAN: RESET FOR SUSTAINABLE GROWTH
Last Updated on 15 November 2026
NWD has announced its proposed 11-for-1 Rights Issue to raise approximately HK$24.9 billion (before expenses) at a Subscription Price of HK$0.90 per Rights Share on a fully underwritten basis.
Chairman and ED
Links to the Related Documents
About the Proposed Rights Issue
Options for Qualifying Shareholders when the Prospectus Documents are posted
Please see below a brief summary of the choices that will be available to the Qualifying Shareholders under the proposed Rights Issue when the Prospectus Documents are posted subject to the terms therein*.
Expected Timetable
Notes: *For information purposes only. Please refer to the regulatory announcement published by New World Development Company Limited (dated 15 November 2026 (the "Announcement").
- Capitalized terms have the same respective meanings as those in the Announcement.
- All times and dates refer to Hong Kong local times and dates. Dates or deadlines specified are indicative only and may be extended or varied by the Company. Any changes to the expected timetable will be published or notified to the Shareholders and the Stock Exchange as and when appropriate.
Shareholder Enquiry Number
29 January 2027 (Friday)
Disclaimer:
THIS MATERIAL IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES OR ANY OTHER JURISDICTIONS WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION IS NOT PERMITTED BY APPLICABLE LAWS OR WOULD RESULT IN ANY REQUIREMENT TO COMPLY WITH ANY GOVERNMENTAL OR OTHER CONSENT OR ANY REGISTRATION, FILING OR OTHER FORMALITY WHICH NEW WORLD DEVELOPMENT COMPANY LIMITED (THE "COMPANY") REGARDS AS INEXPEDIENT (COLLECTIVELY, THE “RESTRICTED JURISDICTIONS”).
This material is issued by the directors of the Company, who accept full responsibility for the content hereof. Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission of Hong Kong take no responsibility for the content of this material, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this material.
This material is for information purposes only. It does not, and is not intended to, constitute an offer, invitation or solicitation to acquire, purchase, dispose of, subscribe for or underwrite any securities of the Company in any jurisdiction. This material does not constitute an offering circular or prospectus in connection with an offering of securities of the Company. In particular, it does not constitute, nor does it contain any information or material which may result in it: (i) being deemed to be a prospectus under the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32 of the Laws of Hong Kong) or an advertisement or extract from or abridged version of a prospectus within the meaning of the Companies (Winding Up and Miscellaneous Provisions) Ordinance; (ii) being regarded as or deemed to be an advertisement, invitation or document (the terms "advertisement", "invitation" and "document" are as defined under section 102 of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong)) which is or contains any offer or invitation to the public of Hong Kong to enter into or offer to enter into an agreement to acquire, purchase, dispose of, subscribe for or underwrite any securities of the Company; or (iii) otherwise being regarded as or deemed to have effected an offer or invitation to the public of Hong Kong in respect of the securities of the Company without compliance with the laws of Hong Kong or being able to invoke any exemption available under the laws of Hong Kong. Neither this material nor anything in this material shall form the basis for any contract or commitment whatsoever or any decision to acquire, purchase, dispose of, subscribe for or underwrite such securities of the Company.
The securities referred to in this material have not been, and will not be, registered under the U.S. Securities Act of 1933 (as amended) (the “U.S. Securities Act”) or with any securities regulatory authority of or under any applicable securities laws of any state or jurisdiction in the United States or any other Restricted Jurisdiction and may not be offered, sold, acquired, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, within such jurisdictions except in reliance on an exemption from, or in a transaction not subject to, registration under the U.S. Securities Act, or in compliance with any applicable securities laws. No public offering of the securities referred to in this material is being, has been or will be made in the United States or any other Restricted Jurisdiction. By accessing the information contained in this material, you represent that you are not located, or, where relevant, resident in the United States or any other Restricted Jurisdiction. You should not place undue reliance on any forward-looking statements contained in this material, which speak only as at the date of this material. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. Expectations reflected in any such forward-looking statements are subject to change and neither the Company nor its directors undertake any obligation to update or revise any forward-looking statements in this material.
This material does not constitute any recommendation regarding the securities of the Company and cannot be relied upon for any investment contract, commitment or decision. The contents of this material should not be construed as legal, business or tax advice. If you are in any doubt about any matter in this material, you should obtain your own professional advice. Any decision to purchase or subscribe for the securities of the Company referred to in this material should be made solely on the basis of the information contained in the prospectus to be issued by the Company in connection with the rights issue referred to in this material (the “Rights Issue”), and not on the basis of this material. You should read the prospectus for detailed information about the proposed Rights Issue before deciding whether to invest. No person should accept rights shares or transfer nil-paid rights in respect of the Rights Issue referred to in this material without completing the formal application form or following the other applicable application procedure to be issued with or in respect of the prospectus. No such acceptance or transfer will be valid, and no such application will be accepted, unless the applicable formal application form has been completed or the applicable application procedure has been followed. None of the Company, the underwriters, the registrars or their respective affiliates, employees and advisers can provide any advice in relation to the proposed Rights Issue. If you are in any doubt about any matter in this material or relating to the proposed Rights Issue, you should obtain your own professional advice.
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- The United States of America
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- Chinese Mainland
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DISCLAIMER – IMPORTANT
ELECTRONIC VERSIONS OF THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE ON THIS WEBPAGE BY THE NEW WORLD DEVELOPMENT COMPANY LIMITED (THE “COMPANY”) IN GOOD FAITH AND FOR INFORMATION PURPOSES ONLY.
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Basis of access
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In particular, the Securities have not been and will not be registered under the United States Securities Act of 1933 (the "Securities Act"), and may not be offered or sold in or into the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Securities will not be registered under or offered in compliance with applicable securities laws of any state, province, territory, county or jurisdiction of the United States or the other Restricted Territories. Accordingly, unless an exemption under the relevant securities law is applicable, the Securities may not be offered, sold, taken up, exercised, renounced, resold, delivered or distributed, directly or indirectly, in or into the United States or the other Restricted Territories or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration thereof in, such jurisdiction. There will be no public offering of the Securities in the United States.
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