losses – Charm – Daily News

New World Development sells Hong Kong sports park stake to parent to tackle debt

Cs news2 months ago02 mins

New World Development (NWD) has sold its stake in Hong Kong’s largest sports infrastructure project to parent Chow Tai Fook Enterprises (CTFE), as the developer takes steps to rein in debt after posting its biggest-ever loss. NWD sold a 100 per cent equity interest in New World Sports Development, the developer of Kai Tak Sports…

Former Hong Kong police chief Andy Tsang’s home burgled

Cs news4 months ago01 mins

Former Hong Kong police chief Andy Tsang Wai-hung’s home has been burgled, the Post has learned. The extent of the potential losses remained unclear as of Monday night. Police vehicles were spotted at Hong Lok Yuen, a residential estate in Tai Po where Tsang was believed to live. Investigators reportedly asked his neighbours for security…