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| Name | Symbol | Market | Type |
|---|---|---|---|
| New World Dev Co Ltd (PK) | USOTC:NDVLY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00425 | 0.95% | 0.45255 | 0.3894 | 0.5303 | 0.45255 | 0.40 | 0.40 | 389 | 21:00:17 |
From Jul 2019 to Jul 2024
China Development Bank Corp. said Tuesday it has established a firm in Hong Kong for its offshore investment activities.
The company, CDB International, has signed strategic partnerships with private equity firms TPG Inc., Kohlberg Kravis Roberts & Co. and Permira, as well as Hong Kong-listed property outfit New World Development Co. (0017.HK), underscoring its effort to participate in direct investment and asset management overseas, the Chinese government-owned lender said.
"The new investment firm will make use of Hong Kong as an international financial hub for China...and hopes to become a financing platform for Chinese companies to 'go outside' and foreign companies to get into China," said China Development Bank chairman Chen Yuan at an opening ceremony for CDB International.
-By Fiona Law, Dow Jones Newswires; 852-2802-7002; fiona.law@dowjones.com
1 Year New World Dev (PK) Chart |
1 Month New World Dev (PK) Chart |
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