(Feb 27): New World Development Co posted a loss in the first half (1H) as Hong Kong’s property downturn continued to weigh on the distressed developer. The company lost HK$3.73 billion (RM1.85 billion) in the six months ended Dec 31, according to a filing to the Hong Kong stock exchange on Friday. That narrowed from a HK$6.6 billion loss a year earlier. Weakness in the commercial real estate market in Hong Kong and mainland China is hurting rental income and suppressing values for potential asset disposals. Still, a rebounding residential market in Hong Kong is set to alleviate some pressure for New World.

Source: The Edge Markets February 27, 2026 10:25 UTC