that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . january 2016 learn how and when to remove this template message new world development company limited type public company sehk 0017 otc pink ndvly industry real property founder dr. cheng yu tung headquarters hong kong key people henry cheng chairman adrian cheng executive vice chairman and joint general manager mr. chen guanzhan executive director and joint general manager products real property hotel infrastructure and services general merchandise revenue hk 556.5 billion as of financial year 2014 owner chow tai fook enterprises limited number of employees about 50 000 people as of financial year 2014 website nwd.com.hk new world development company limited nwd is based in hong kong focusing on property infrastructure and services department stores and hotels . it was established in 1970 by dr. cheng yu tung . the company is publicly listed on the hong kong stock exchange sehk 00017 otc pink ndvly since 23 november 1972 and is a constituent stock of hong kong hang seng index . 1 over the last four decades the group has also actively participated in various businesses in mainland china and established itself as one of the largest foreign direct investors in the country . its notable subsidiaries include the rosewood hotel group formerly new world hospitality and renamed after its acquisition of rosewood hotels & resorts . the group s existing investments in mainland china has exceeded us 17 billion spreading across four municipalities and over 20 provinces . 1 contents 1 milestones 2 group structure and subsidiary 3 board of directors 4 land banking 5 property 6 see also 7 references 8 external links milestones edit may 1970 new world development company limited is established to venture into property development . dr ho sin hang is elected chairman of the company while dr. cheng yu tung is appointed director and general manager . chow tai fook enterprises limited is the company s largest shareholder . oct 1972 nwd stock code 017 . hk is listed on the hong kong stock exchange raising over hk 193 million . oct 1986 her majesty queen elizabeth ii officiates at the foundation stone laying ceremony of the hkcec on 21 october . feb 1992 new world development china is set up . oct 1995 new world infrastructure limited nwi hong kong stock code 301 is formed to consolidate all of nwd s infrastructure projects in hong kong and mainland china . nwi is listed on hkse in october . apr 1997 new world services limited nws is established to consolidate all the services related businesses within the group . jul 1999 new world china land limited nwcl hong kong stock code 917 is formed to consolidate all of nwd s property projects in mainland china and is listed on hkse in july . sep 2000 acquires new world insurance services limited sep 2001 nws acquires the entire issued share capital of ngo kee construction company limited oct 2002 pacific ports company limited ppc will acquire the traditional infrastructure assets from nwi and acquire nws from nwd . jan 2003 the reorganisation of new world group was completed . nws holdings limited after changing its name from pacific ports company limited became the group s service flagship with diversified operations in service infrastructure and ports in hong kong macau and mainland china . feb 2003 consolidated shares under newly named nws holdings limited began trading on the stock exchange of hong kong limited . may 2005 nwd and shanghai industrial jointly invest us 3 million into shinhint acoustic link holdings ltd. a hong kong based integrated manufacturing services provider for odm oem production of electro acoustic consumer products . the company sells riverside south a luxury condominium project in new york city on land acquired from donald trump for 1.8 billion then the largest residential real estate transaction in the history of the city . 2 jul 2007 new world department store china limited hong kong stock code 0825 is listed on hkse . may 2008 nwd together with dr henry cheng managing director of nwd on his behalf have donated more than rmb 50 million and have donated 300 sets of wireless communication equipment which are worth rmb 15 million to the front line rescuing team supporting the disaster relief effort in the affected areas . meanwhile nwcl initiates staff members in regional offices to participate in the donation activities including donating bloods and raising funds as well as sourcing other resources and drugs in need to the affected areas . other subsidiaries in the group have also been actively supporting the relief work through various ways to encourage employees to support the earthquake relief work in sichuan . oct 2009 the hong kong convention and exhibition centre hkcec together with the adjacent golden bauhinia square has been voted as one of the 60 top landmarks in china by 32 major media organisations in china . 3 dec 2010 the guangzhou dongxin expressway in which nws holdings holds 40.8 % equity interest is officially opened on 31 december 2010 . aug 2011 new world group announces its full support to new world harbour race an iconic sporting event organised by the hong kong amateur swimming association after a 33 year hiatus . 4 5 dec 2011 nwds sets up mianyang new world department store its first store in mianyang city . dec 2013 nws holdings limited acquires equity shares in beijing capital international airport to become its second largest shareholder . sep 2014 k11 marks its fifth anniversary april 2015 new world development company limited and hip company limited hip a wholly owned subsidiary of the abu dhabi investment authority adia established a new joint venture company to jointly own grand hyatt hong kong renaissance harbour view and hyatt regency tst the hotels with effect from the closing of the transaction . the total consideration for the sale and transfer of the hotels is hk 18 500 million out of which approximately hk 10 082 million is received by nwd . 6 7 group structure and subsidiary edit nwd group structure and subsidiary new world development company limited and chow tai fook jewellery group limited are both owned by chow tai fook holding limited . the group s two listed companies are nws holdings limited and new world department store china limited . new world china land limited is wholly owned by the group . board of directors edit dr. cheng kar shun henry gbs chairman and executive director mr. doo wai hoi william jp non executive vice chairman dr. cheng chi kong adrian executive vice chairman and joint general manager mr. chen guanzhan executive director and joint general manager ms. ki man fung leonie sbs jp executive director mr. cheng chi heng executive director ms. cheng chi man sonia executive director mr. au tak cheong executive director land banking edit new world development company limited is one of the hong kong companies who have a large landbank . as at 31 december 2014 the group had a landbank of around 9.25 million sq ft of which around 5.3 million sq ft was residential property . the group had a total of approximately 18.3 million sq ft of attributableagricultural land reserve pending for conversion . property edit properties for sale the parkhill skypark the pavilia hill grand austin the woodside double cove double cove starview eight south lane the austin park signature the woodsville the reach the riverpark properties for lease k11 art mall eight kwai fong new world tower telford plaza pearl city methodist house atl logistics centre two macdonnell road manning house hong kong convention plaza discovery park shopping centre landmark hong kong convention and exhibition centre nws kwai chung logistics centre atl logistics centre new world centre ctf finance centre guangzhou east tower see also edit new world centre new world first bus new world first ferry citybus new world telecommunications new world china land k11 hong kong list of companies in hong kong references edit a b corporate new world development company limited official website . www.nwd.com.hk . retrieved 8 october 2015 . timothy l. o brien 27 january 2016 . how trump bungled the deal of a lifetime . bloombergview . corporate new world development company limited official website . www.nwd.com.hk . retrieved 8 october 2015 . event history new world harbour race 2015 . www.hkharbourrace.com . retrieved 8 october 2015 . . sports.sina.com.hk . retrieved 8 october 2015 . new world development sells hong kong hotel stakes to abu dhabi investor for hk 18.5 billion . south china morning post . retrieved 8 october 2015 . new world seals hk 18.5 b deal with abu dhabi grouphk china daily asia . data blog.title . retrieved 8 october 2015 . external link in website help 1 . jump up to a b new world development company limited official website . retrieved 8 october 2015 2 . jump up trump bungled the deal of a lifetime bloombergview . 3 . jump up new world development company limited official website . retrieved 8 october 2015 4 . jump up history new world harbour race 2015 . retrieved 8 october 2015 5 . jump up . retrieved 8 october 2015 6 . jump up world development sells hong kong hotel stakes to abu dhabi investor for hk 18.5 billion . retrieved 8 october 2015 7 . jump up world seals hk 18.5 b deal with abu dhabi grouphk china daily asia . retrieved 8 october 2015 8 . jump up new world development company limited official website . retrieved 8 october 2015 9 . jump up relations new world development company limited official website . retrieved 8 october 2015 10 . jump up new world development company limited official website . retrieved 8 october 2015 11 . jump up new world development company limited official website . retrieved 8 october 2015 external links edit new world development v t e hang seng index companies of hong kong finance hsbc holdings hang seng bank bank of east asia hkex china construction bank aia industrial and commercial bank of china ping an insurance boc hong kong holdings china life insurance company bank of communications bank of china utilities clp holdings hong kong and china gas power assets holdings china resources power property henderson land development sun hung kai properties new world development sino land hang lung properties china overseas the link reit china resources land ck property commercial and industrial ckh holdings wharf holdings hutchison whampoa swire pacific mtr corporation kunlun energy china merchants want want china citic limited china resources cathay pacific tingyi esprit holdings sinopec li & fung tencent holdings china unicom cnooc limited petrochina china mobile hengan china shenhua belle galaxy entertainment sands china lenovo mengniu retrieved from https en.wikipedia.org w index.php title new world development & oldid 740142572 categories hang seng index constituent stockscompanies listed on the pink sheetscompanies listed on the hong kong stock exchangeland developers of hong kongconglomerate companies of chinacompanies established in 1970new world developmentwarrants issued in hong kong stock exchangeconglomerate companies of hong konghidden categories cs1 errors external linksengvarb from january 2016use dmy dates from january 2016articles with a promotional tone from january 2016all articles with a promotional tonepages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages deutschfran ais edit links this page was last modified on 19 september 2016 at 09 04 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site