Hong Kong's New World shares surge on report of take-private deal talks
ReutersAug 7, 2025 2:40 AM
HONG KONG, Aug 7 (Reuters) - Shares of Hong Kong's New World Development 0017.HK surged as much as 16% on Thursday after a report on a potential take-private deal.
Financial news provider Octus reported on Wednesday the property developer, along with its controlling Cheng family, have been in discussions with U.S. private equity firm Blackstone BX.N regarding a potential financing deal of up to $2.5 billion, which could result in a joint take-private offer.
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