HONG KONG -- Hong Kong real estate conglomerate New World Development on Monday saw its stock price plunge by as much as 14.1% to the lowest level in 21 years after it warned of a hefty loss.
Property
New World Development shares tumble as Hong Kong property woes bite
Stock touches 21-year low after developer flags $2.6bn loss for latest year
Property developer New World Development's office tower, K11 Atelier King's Road, in Hong Kong. The company has flagged a loss of about $2.6 billion. © Reuters
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