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New World Development Company Sells HK$3 billion Non-Core Assets, Optimising Assets and Business Portfolios to Increase Cash Flow for the Core Businesses

New World Development Company Limited (“NWD” or the “Group”) announced that the Group sold all of its economic interests in two shopping malls for HK$3 billion yesterday. NWD will continue to optimise its assets and business portfolios, and to dispose of non-core assets to recycle the capital for the development of its core businesses.

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