The China retailing space has experienced ‘unprecedented challenges’, prompting New World’s move to privatise its department store arm. Photo: AFP

New World to buy out its China retail unit in HK$934.5 million privatisation plan

New World will offer HK$2 per share to buy out its retail unit, less than half the 2007 IPO price of the department store operator.

Topic |   Retail properties

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The China retailing space has experienced ‘unprecedented challenges’, prompting New World’s move to privatise its department store arm. Photo: AFP
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