Hong Kong's New World boosts its presence on mainland with sweeping property projects

Article Abstract:

New World Development Co. intends to invest over $400 million in China to develop several commercial and residential properties in the country. If the planned properties prove successful, it could help boost New World Managing Dir. Henry Cheng Kar-shun's credibility as a worthy successor to his father, Cheng Yu-tung. The younger Cheng had long been wavering in the shadow of his father who was known for his penchant for taking risks.

Subdividers and developers, not elsewhere classified, Industrial Real Estate Developers, Housing, Real estate industry

---

Hong Kong developer's plan to build apartments near nature reserve stirs environmentalists' ire

Article Abstract:

Henderson Land Development Co. intends to build apartments and a golf course in a 242-acre site near Hong Kong's Mai Po Marshes reserve. However, environmentalists and a local town board have opposed Henderson's plan, arguing that construction of the facilities will cause irreparable damage to the reserve's mangrove populations. Henderson has tried unsuccessfully to convince local townspeople to end their opposition to the project.

Residential construction, Environmental aspects, Hong Kong, House construction, Henderson Land Development Co.

---

China's new tax laws burnish New World stock

Article Abstract:

Many analysts are urging investors to buy up shares of New World Development Company Ltd. (New World) in view of the favorable impact China's new tax laws will have on the company. They state that New World is the largest foreign developer with the largest land bank in China and as such, it will enjoy low land costs and tax liabilities in the coming years. They believe New World shares are presently undervalued.

Administration of General Economic Programs, Taxes on Foreign Cos, Corporate taxes, Securities, Tax policy, Foreign business enterprises

Similar abstracts:

• Abstracts: A branch and bound based heuristic for multi-product resource constrained scheduling problem in FMS environment
• Abstracts: Tokyo's move to rescue battered banks faces resistance from Japanese public. Lower fund costs enhance stock of regional banks
• Abstracts: Made in Hong Kong? Territory feels U.S. heat in battle over textiles. Giordano posts 42% increase in profit on strength of its Chinese subsidiary
• Abstracts: Shanghai is poised for surge in foreign direct investment: city officials predict inflows of almost $15 billion from abroad over the next three years
• Abstracts: Pressure rises at Volkswagen's joint ventures in China. Rules of the road in China slow car industry's growth

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.