Asia PEVC 2025 | Early Bird Offer - Leaderboard

HK's New World Development shares surge by a fifth after CEO resigns

HK's New World Development shares surge by a fifth after CEO resigns

FILE PHOTO: A general view of developer New World Development's office tower, K11 Atelier King's Road, in North Point of Hong Kong, China February 2, 2023. REUTERS/Clare Jim/File Photo

Shares of Hong Kong’s New World Development jumped 20% in early Friday trade after the loss-making and indebted property developer announced a change at the helm.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter