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Home > Company Index > Real Estate > Real Estate Development > New World Development Company Limited

New World Development Company Limited
OTC: NDVLF
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 PROFILE
Hong Kong is a new world now, but New World Development Company is a constant. Founded in 1970, the company conducts property development and investment activities mostly in Hong Kong and China, as well as in Southeast Asia. Operations include property and infrastructure development ranging from luxury hotels to government subsidized housing, roads and bridges, and power plants. Through its subsidiaries, New World operates construction and engineering firms, hotels, department stores, property management firms, a bus company, and telecommunications services. The firm owns 17 hotels (nine in China) and is developing more. Chairman Cheng Yu-tung, through his Chow Tai Fook investment group, controls the company.

 COMPETITION
Henderson Land Development Company Limited (dossier)
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 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 2,634.70
1-Yr. Sales Growth: 16.6%
Employees: 16,500
Revenue per employee: $159,678.79

 KEY PEOPLE
• Cheng Kar-Shun
    CEO
• Alex Chow
    CFO

 CONTACT INFO
30th Fl., New World Tower
, Hong Kong
Phone: 852-252-1056
Fax: 852-281-4673
Online: Web Site

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