tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

New World Development Announces AGM and Share Buyback Proposal

Story Highlights
New World Development Announces AGM and Share Buyback Proposal

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

New World Development ( (HK:0017) ) has issued an update.

New World Development Company Limited has announced its upcoming Annual General Meeting, scheduled for November 20, 2025, at the Hong Kong Convention and Exhibition Centre. Key agenda items include the adoption of financial statements, re-election of directors, and the reappointment of auditors. Additionally, a resolution will be considered to authorize the company’s directors to buy back up to 10% of its issued shares, reflecting a strategic move to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (HK:0017) stock is a Hold with a HK$6.50 price target. To see the full list of analyst forecasts on New World Development stock, see the HK:0017 Stock Forecast page.

More about New World Development

New World Development Company Limited is a prominent player in the real estate and infrastructure industry, focusing on property development, investment, and management primarily in Hong Kong and Mainland China. The company is known for its comprehensive portfolio that includes residential, commercial, and retail properties, as well as its involvement in infrastructure projects.

Average Trading Volume: 22,946,216

Technical Sentiment Signal: Hold

Current Market Cap: HK$19.76B

Find detailed analytics on 0017 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1