New World Development Company Limited (0017.HK)
New World Development Company Limited
New World Tower
30th Floor 18 Queen’s Road
Central
Hong Kong
852 2523 1056
https://www.nwd.com.hk
Sector(s): Real Estate
Industry: Real Estate - Diversified
Full-time employees: 11,000
Key executives
| Name | Title | Pay | Exercised | Year born |
|---|---|---|---|---|
| Dr. Kar-Shun Cheng BA, DBA(Hon), GBM, GBS, LLD(Hon), MBA | Executive Chairman & MD | 60.3M | N/A | 1947 |
| Dr. Chi-Kong Cheng J.P. | Executive Vice-Chairman & CEO | 52.8M | N/A | 1980 |
| Mr. Siu-Cheung Ma J.P. | COO & Executive Director | 24.2M | N/A | 1964 |
| Ms. Chi-Man Cheng | Executive Director | 18.6M | N/A | 1981 |
| Mr. Nam-Hoi Sitt B.A. (Hons.), B.Arch., H.K.I.A. | Senior Director of the Project Management Department & Executive Director | 18.7M | N/A | 1954 |
| Ms. Shao-Mei Huang | Executive Director | 33.8M | N/A | 1970 |
| Ms. Wai-Han Chiu | Executive Director | 7.1M | N/A | 1972 |
| Mr. Fu Keung Lau | Chief Financial Officer | N/A | N/A | N/A |
| Mr. Man-Hoi Wong B.Sc., BSc(Eng)(Hon), L.L.B., LLB(Hon) | Company Secretary | N/A | N/A | 1959 |
Description
New World Development Company Limited, an investment holding company, operates in the property development and investment business in Hong Kong and Mainland China. Its property portfolio includes residential, retail, office, and industrial properties. The company also provides commercial aircraft leasing services; operates expressways; and constructs residential and commercial projects, as well as whole life, term, dread disease, medical, disability, and accident insurance products. In addition, it is involved in the duty-free operation and general trading, civil engineering, loyalty program, modern logistics, land development, marketing, promotion, fashion retailing and trading, and piling and ground investigation businesses; and development and operation of sports park. Further, the company manages Hong Kong convention and exhibition centre; operates toll roads, club houses, golf and tennis academies, and shopping malls; operates department stores; and provides information technology, endoscopic, healthcare, training course, ticketing, financial, project management and consultancy, retail and corporate sales, management, culture and recreation, advertising, building construction, estate agency, wellness and rehabilitation, endoscopic, carpark management, supply chain management, and catering services, as well as property management, business, and investment consultancy services. Additionally, it offers elderly residential places and services; property agency, management, and consultancy services; and undertakes foundation works. The company also invests in, owns, and operates hotel properties in Hong Kong, Mainland China, and the Southeast Asia. New World Development Company Limited was incorporated in 1970 and is headquartered in Central, Hong Kong.
Corporate governance
New World Development Company Limited’s ISS governance QualityScore as of 1 October 2024 is 8. The pillar scores are Audit: 1; Board: 3; Shareholder rights: 9; Compensation: 10.
