Henry Cheng

New World China Land sees mainland China profit double

Executive director Tsang Yam-pui says NWS' priorities are infrastructure projects. Photo: Jonathan Wong

New World China Land (NWCL), the mainland property unit of New World Development, said an estimated 6.27 billion yuan (HK$7.94 billion) worth of property sales will be booked in the second-half result for the financial year ending in June.

Thursday, 7 May, 2015, 5:06pm 1 comment

New World Development achieves sales target of HK$10 billion

Henry Cheng says the government does not want to see a drastic downward adjustment of home prices. Photo: Sam Tsang

New World Development has achieved its sales target for the financial year to June in just four months, generating more than HK$10 billion despite a downturn in the property market.

20 Nov 2013 - 2:51am

Only a crash will rid market of greedy speculators

Lee Shau-kee

Public Eye totally opposes the government's latest market-cooling measures. Blind greed has already possessed the entire property market. What we need to do is to exorcise this greed. Cooling measures won't do that. Home prices will soon rebound, as they did within months of past measures. Greed always finds a way.

27 Feb 2013 - 4:29am 6 comments

New World Development's Henry Cheng willing to donate land for flats

Henry Cheng Kar-shun

A day after Henderson Land Development chairman Lee Shau-kee confirmed he was in talks with the government about donating land for cheap homes, New World Development chairman Henry Cheng Kar-shun said his company was willing to consider doing the same.

24 Feb 2013 - 5:02am


Not the right person for commission

The appointment of Henry Cheng Kar-shun of New World Development to the Commission on Poverty is inappropriate.

10 Jul 2012 - 12:00am

New World eyes speedy growth with 5-year plan

New World Development is drafting a five-year strategy aimed at ensuring doubt-digit annual earnings growth - although the conglomerate says the plan does not signal a major change in its course.

'Property will still be a major focus,' said Gary Chen Guanzhan, an executive director and general manager with the group.

20 Apr 2012 - 12:00am

Cheng Yu-tung makes way for son to lead company

New World Development is in the midst of its biggest leadership change, with chairman Cheng Yu-tung yesterday announcing his decision to step down from his position to make way for a new generation of leadership.

7 May 2015 - 5:08pm

Rafael Hui joins 15 Hongkongers on Standing Committee

Former chief secretary Rafael Hui Si-yan and four other Hong Kong delegates were elected to the Standing Committee of Beijing's top advisory body yesterday.

14 Mar 2008 - 12:00am

Rising inflation tops agenda for delegates

Government restructuring plan a hot issue

Rising inflation and a massive governmental restructuring plan are among the hot issues expected to be discussed by the more than 2,000 delegates of the mainland's political consultative body during its conference, which runs from today until March 14.

3 Mar 2008 - 12:00am

Rita Fan, four others headed for national posts

Five prominent business and political figures are tipped to be elected to the nation's top legislative and advisory bodies after protracted negotiations among various interest groups.

1 Mar 2008 - 12:00am

Government rules out cash help for port

The Government has rejected a call by New World Development for subsidies to support a Chinese medicine 'port'.

Director General of Industry Francis Ho Suen-wai said yesterday the project should be initiated by the private sector rather than the Government.

8 Sep 1999 - 12:00am

Modest increase for New World

Hit by the slowdown in the hotel industry and an increase in losses from its telecommunication arm, New World Development has seen modest growth in interim profit to $2.2 billion from $2.19 billion for the six months to December.

Managing director Henry Cheng Kar-shun said he was satisfied with the group's achievement taking into account the slowing economy.

31 Mar 1998 - 12:00am

New World bullish

New World Development managing director Henry Cheng Kar-shun says the company's strategic investments have made paper profits of hundreds of millions of dollars.

His comments come after a number of big Hong Kong companies have said they will have to make provisions for strategic investments.

27 Feb 1998 - 12:00am

Better Hong Kong Foundation

Local tycoons have pledged to continue pumping in money to polish Hong Kong's image overseas after the handover.

The Better Hong Kong Foundation, funded by prominent businessmen, promises to co-ordinate with Tung Chee-hwa's administration to work out strategies to promote Hong Kong.

12 May 1997 - 12:00am

New World Development

New World Development bucked the losing trend set by other property counters yesterday, posting a respectable advance of 30 cents to end at $35.30.

The rise followed an announcement by managing director Henry Cheng that New World was considering the issue of bonds convertible into shares of a company that New World would create to hold its China property portfolio.

22 Jun 1996 - 12:00am