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1 Mar
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New World Development Sells Interest in D‧PARK Mall to Chinachem for HK$4.02 Billion

New World Development Company Limited (“New World Development” Hong Kong Stock Exchange code: 00017) and Chinachem Group (“Chinachem”) announced that the two parties have signed a commercial property sale and purchase agreement. To optimise its business portfolio, New World Development has sold all its interest in the D‧PARK mall in Tsuen Wan and the mall’s parking spaces to Chinachem for a total cash consideration of HK$4.02 billion.

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