New World Development Shows Appreciation to Working Mothers
New World Development Company Limited ("New World Group", "The Group"; Stock Code: 17.HK) sees its staff members as the cornerstone of success and cares for their wellbeing. To celebrate the forthcoming Mother's Day, Mr Gary Chen, Executive Director and Joint General Manager of the Company, presents today to every staff member a carnation and greeting card with words of love and care on behalf of the Company. It is to show its deep appreciation to the working mothers who shoulder their double responsibilities of family and work. The Company also takes this opportunity to encourage its staff to send words of love to their beloved mothers on this special occasion, thus fostering a harmonious society.
New World Development Company Limited
New World Development Company Limited ("The Group"; 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$270.2 billion as at 31 December 2011.
For more than four decades, the Group has expanded from a single focus on the property business to four core areas: property, infrastructure, service and department store. As at 31 December 2011, the Group has an effective interest of approximately 60.4% in NWS Holdings Limited (Stock Code: 659.HK), approximately 69.8% in New World China Land Limited (Stock Code: 917.HK) and approximately 72.3% in New World Department Store China Limited (Stock Code: 825.HK).