Home buyers queueing up to vie for The Pavilia Farm apartments in Tai Wai at New World Development’s sales office in Tsuen Wan on November 22, 2020. Photo: Jonathan Wong Home buyers queueing up to vie for The Pavilia Farm apartments in Tai Wai at New World Development’s sales office in Tsuen Wan on November 22, 2020. Photo: Jonathan Wong
Home buyers queueing up to vie for The Pavilia Farm apartments in Tai Wai at New World Development’s sales office in Tsuen Wan on November 22, 2020. Photo: Jonathan Wong

New World makes biggest stock buyback since December to boost share price as financial toll from The Pavilia Farm demolition rises

  • The developer repurchased 3 million of its own shares at HK$37.1 each for HK$112.04 million on Friday, according to a filing to the HKEX
  • The stock plunged 5.7 per cent on Monday, after the 3.9 per cent decline a day earlier following its plan to tear down two apartment blocks

Topic |   New World Development
Home buyers queueing up to vie for The Pavilia Farm apartments in Tai Wai at New World Development’s sales office in Tsuen Wan on November 22, 2020. Photo: Jonathan Wong Home buyers queueing up to vie for The Pavilia Farm apartments in Tai Wai at New World Development’s sales office in Tsuen Wan on November 22, 2020. Photo: Jonathan Wong
Home buyers queueing up to vie for The Pavilia Farm apartments in Tai Wai at New World Development’s sales office in Tsuen Wan on November 22, 2020. Photo: Jonathan Wong
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