Deals

New World Development Offers to Buy China Unit For Second Time

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Take our Survey

By Tan Hwee Ann

January 6, 2016 at 12:06 AM UTC

This article is for subscribers only.

New World Development Co., the developer controlled by the family of Hong Kong billionaire Cheng Yu-tung, is offering to take its China unit private, a second attempt after a similar bid was rejected by minority shareholders in

2014.