News and Research on New World Development Co. Ltd. (NWD)
Business Description
New World Development Company Limited, a conglomerate in Hong Kong, engages in investment holding and property investment.
Segments
The company is organized into property investment, property development, service, infrastructure, telecommunications, department stores, hotel operations and others (including media and technology businesses) segments. The company operates primarily in Hong Kong, Macau and Mainland China.
Property and Hotel
Hong Kong Property: The company’s property development portfolio is focused on residential usage in Hong Kong. This is complemented by an investment property portfolio comprising shopping malls, offices, hotels and service apartments. As of June 2006, the company’s property development portfolio in Hong Kong comprises 26 projects with 9.22 million sq.ft. of attributable gross floor area. As of June 2006, the company’s investment property portfolio in Hong Kong comprises 15 completed projects with 7.17 million sq.ft. of shopping mall, offices, hotels and service apartments.
Mainland China Property: New World China Land Limited, the Mainland China property of New World Development Company Limited, has 38 major development property projects, and 18 completed investment property projects, with a total GFA of 17 million sq.m., spanning the prime cities of Beijing, Guangzhou, Shanghai, Shenyang, Wuhan, Tianjin, and cities in the Pearl River Delta, etc. There are various types of projects, including residential complexes, service apartments, villas, multi-use high-rise commercial buildings and hotels.
Hotel Investment: The company has invested in 15 hotels in Hong Kong, Mainland China and Southeast Asia.
Infrastructure and Service
NWS Holdings Limited, the infrastructure and service principal of New World Development Company Limited, offers a range of businesses in Hong Kong, Mainland China and Macau. The company operates 51 projects in the four segments of Energy, Roads, Water and Ports. The portfolio encompasses power plants with 1,688 MW of generating capacity, 711 km of toll roads, water treatment plants that could treat approximately 4.38 million cubic metres of water and wastewater per day, as well as container terminals with an annual handling capacity of 6.12 million TEUs.
The Service & Rental division comprises Facilities Rental (the management of Hong Kong Convention and Exhibition Centre and ATL Logistics Centre), Contracting (Hip Hing Construction Company Limited and NWS Engineering Group Limited), Transport (New World First Bus Services Limited, Citybus Limited and New World First Ferry Services Limited).
The company has partnered with Emperor International Holdings, Ltd. to build a residential- commercial complex in North Point. Emperor would hold approximately 75% of the project, with the remaining stake to be held by NWD.
Telecommunications
The telecommunications business provides mobile and multimedia services, as well as voice, data, and content services. It offers various services, including fixed-line telephone and broadband service, international calling card service, international private leased circuit service, international virtual private network service, and managed Internet protocol services.
New World Telecommunications Limited: New World Telecommunications Limited (NWT) operates as an IP and telecom service provider, offering a portfolio of voice, data and content services to both business customers and consumers. NWT partners with local and global IT and telecom powerhouses, as well as content providers, to extend its service portfolio and global reach. NWT also partners with local broadband service providers in establishing Private Internet Peering Agreement.
New World Mobile Holdings Limited: New World Mobile Holdings Limited (NWMH, Hong Kong) operates technology-related businesses, including mobile Internet services and information technology outsourcing services in Mainland China. In addition, through its 23.6% interest in the CSL New World Mobility Group, it also provides mobile communications services in Hong Kong.
Strategic Businesses
The company is also involved in a range of strategic investments.
New World Department Stores Limited: New World Department Stores Limited (NWDS) operates 24 department stores with a total GFA of 710,000 sq. m. in Hong Kong and in 13 cities in Mainland China, such as Wuhan, Shenyang, Wuxi, Harbin, Tianjin, Ningbo, Beijing, Shanghai, Dalian, Kunming and Lanzhou. This department store operation is a complementary business to the Group's shopping facilities in both Hong Kong and Mainland China.
New World China Enterprises Projects Limited: The mandate of New World China Enterprises Projects Limited (NWCEP) is to focus on strategic investments in industries and State-Owned Enterprises reforms and restructuring in China. NWCEP acts as investment manager for New World's industrial projects and also acts as project manager for a China-focused private equity fund, New World Liberty China Ventures Limited.
New World TMT Limited (NWTMT): New World TMT Limited is the telecom, media and technology investment arm of the company. NWTMT's portfolio contains approximately 30 projects in the TMT sectors in Mainland China and the Asia Pacific Region.
History
New World Development Company Limited was founded in 1970.
