New World Development Company Limited (0017.HK)

7.450 -0.120 (-1.59%) At close: 04:08PM HKT

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: 13,000

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

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in HKD.

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 April 2024 is 8. The pillar scores are Audit: 1; Board: 3; Shareholder rights: 9; Compensation: 10.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.