New World hits over 2-year high on report Blackstone to become largest shareholder
ReutersJan 30, 2026 1:42 AM
Shares of New World Development 0017.HK jump 11.9% to HK$12.45, their highest level since November 2023, and on course for a second session of gains
Private equity firm Blackstone BX.N is close to securing a deal that would make it the largest shareholder of Hong Kong's property developer New World Development, Bloomberg News reported on Thursday, citing people familiar with matter
New World said in a statement that its controlling shareholder, CTFE, had been approached by several potential investors regarding possible investment in the company
YTD, stock up 61.9%, benchmark Hang Seng Index .HSI up 8.4%
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