Property

Hong Kong's New World posts second straight annual loss, seeks grip on debt

Embattled developer pledges iconic shopping malls, hotel to secure fresh loan

20250926 hk nwd

Hong Kong's K11 Musea shopping mall under New World Development. (SOPA Images/LightRocket via Getty Images)

LORRETTA CHEN
September 26, 2025 20:29 JST

HONG KONG -- New World Development, Hong Kong's embattled property group, on Friday booked a second consecutive year of losses and a further slide in revenue.

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