HK's New World Development shareholders to decide on sale of construction biz

HK's New World Development shareholders to decide on sale of construction biz

FILE PHOTO: An evening view of the financial Central district and Victoria Harbour in Hong Kong, China, May 9, 2023. REUTERS/Tyrone Siu

Shareholders of Hong Kong’s New World Development (NWD) will decide on Thursday whether to keep the company’s “cash-cow” construction subsidiary for long-term profits, or pocket an immediate special dividend by selling it.