New World Development to take China unit private

Deal would see New World China Land taken private for HK$18.6 billion (US$2.4 billion), financed mostly through a rights issue.

Suzy Waite

March 14, 2014

Hong Kong’s New World Development has offered to take its New World China Land unit private for HK$18.6 billion (US$2.4 billion) in an effort to gain greater flexibility in managing the China property business.

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