Hong Kong developer New World gets nod to spin off K11 Shanghai assets

South China Morning Post - Sep 21, 2026

New World Development (NWD) received the green light from the Shanghai Stock Exchange to spin off and list a Reit (real estate investment trust) on the bourse, according to the distressed developer controlled by one of Hong Kong’s wealthiest families. The expected offering size for the NWD C-Reit was about 3.82 billion yuan (US$570 million), from which the group’s estimated net proceeds would be 3.24 billion yuan, Hong Kong-based NWD said in a statement on Monday. The underlying assets of the...

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Sep 21, 2026

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Despite stock stress, CATL likely to retain EV battery dominance in China, analysts say

Sep 21, 2026

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