New World Development
| New World Development
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|---|---|
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| legal form | Corporation |
| ISIN | HK0017000149 |
| founding | 1970 |
| Seat | Hong Kong |
| Branch | Construction industry, real estate |
| Website | www.nwd.com.hk |
New World Development ( NWD ) is a Chinese company with headquarters in Hong Kong . The company is listed in the Hang Seng Index on the Hong Kong Stock Exchange . As a conglomerate, NWD is active in several branches of industry. NWD builds, owns and sells hotels, office buildings, retail markets and apartments, among other things. The company is controlled by the Chinese billionaire Cheng Yu-Tung through his holding company Chow Tai Fook Enterprises .
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