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New World to Sell 11 Skies Amid Financial Challenges

New World Development (0017) is reportedly considering selling its 11 Skies shopping complex near Hong Kong International Airport to address liquidity challenges. According to Bloomberg, preliminary discussions have been held with the Hong Kong Airport Authority regarding the potential sale. The shopping centre is valued between HK$15 billion and HK$17 billion, significantly lower than the HK$20 b...
2025-07-17

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