Hong Kong's New World shares surge on report of take-private deal talks

New World Development

07/08/2025 03:26

HONG KONG, Aug 7 (Reuters) - Shares of Hong Kong's New World Development 0017.HK surged as much as 16% on Thursday after a report on a potential take-private deal.

Financial news provider Octus reported on Wednesday the property developer, along with its controlling Cheng family, have been in discussions with U.S. private equity firm Blackstone BX.N regarding a potential financing deal of up to $2.5 billion, which could result in a joint take-private offer.

 (Reporting by Clare Jim; Editing by Muralikumar Anantharaman)

 ((clare.jim@thomsonreuters.com;))