New World reportedly in talks to sell Hong Kong hotel stake to UOL

Bloomberg reports that the property firm is discussing a sale of its 50% stake to Singapore’s UOL Group, citing people familiar with the matter.

2 Sources, 8d ago, first seen 8d ago

TLDR

New World Development is in talks to sell its 50% stake in a Hong Kong hotel to Singapore’s UOL Group, Bloomberg reports, citing people familiar with the matter. The report puts the proposed hotel sale at HK$3 billion and also names ADIA as involved in the talks.

Today's Rank

—

Not ranked yet

Combined views

39.8K

2 Sources, first seen 8d ago

18 likes2 comments7 saves2 reposts

Sentiment

Positive——Negative

Summary

Not enough discussion yet.

No sentiment analysis available yet.

Featured Source