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Article: New World Development Company Ltd.
- Article from:
- International Directory of Company Histories
CopyrightCOPYRIGHT 1991 Thomson Gale. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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New World Development Company Ltd.
30/F New World Tower
18 Queen
’
s Road Central
Hong Kong
(5) 5231056
Fax: (5) 8104673
Public Company
Incorporated:
1970
Employees:
2,800
Sales:
HK$2.34 billion (US$300.07 million)
Stock Exchange:
Hong Kong
New World Development Company Ltd. has for two decades been a leader in Hong Kong
’
s bustling commercial and residential development market. In 1990 it had an annual rental income stream exceeding HK$1 billion.
The founders of New World Development were Dr. Yu Tung Cheng, the current company chairman, and the late Chi Wan Young. In 1970 they joined up to merge their holdings in the colony
’
s commercial and residential property market.
Both ...