New World Development Co., the cash-strapped property developer, is in talks to sell its 50% stake in a portfolio of three Hong Kong hotels valued at a total of $2 billion, people familiar with the matter said.
New World Weighs Sale of Stake in $2 Billion HK Hotel Portfolio
New World Development Co., the cash-strapped property developer, is in talks to sell its 50% stake in a portfolio of three Hong Kong hotels valued at a total of $2 billion, people familiar with the matter said.
This article was originally published by
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