new world development

new world development company limited ("the group"; hong kong stock code: 17.hk) is a leading conglomerate based in hong kong. the group was founded in 1970 and publicly listed in hong kong in 1972. it is a constituent stock of the hang seng index with a total asset value of hk$378.5 billion as at 31 december 2014. for more than four decades, the group has expanded from a single focus on the property business to four core areas - new world china land limited, new world department store china limited, nws holdings limited and chow tai fook