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New World Expects First-Half Loss on Impairment Charges

Summary by Bloomberg
New World Development Co., the Hong Kong property developer owned by the billionaire Cheng family, expects to post a net loss from continuing operations in the first half of the fiscal year due to impairment charges following an extended real estate slump.

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BloombergBloomberg

New World Expects First-Half Loss on Impairment Charges

New World Development Co., the Hong Kong property developer owned by the billionaire Cheng family, expects to post a net loss from continuing operations in the first half of the fiscal year due to impairment charges following an extended real estate slump.

·United States
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Bloomberg broke the news in United States on Friday, February 21, 2025.
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