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NWD Rockets 20% After Midday; Henry Cheng Says CTFE Will Continue to Seek 'Win-Win' Deals
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NEW WORLD DEV (00017.HK) took off after opening flat this morning (19th). After midday, it even extended its gains to as much as 21.5% and peaked at HKD11.57. It last traded at HKD11.42, up 19.96%, with a volume surging to 64.7231 million shares (more than doubling last Friday's full-day volume), involving HKD693 million. Henry Cheng, Chairman of NEW WORLD DEV's parent company, Chow Tai Fook Enterprises, told the South China Morning Post in an interview that this private investment holding company will continue to pursue deals that create "win-win outcomes". However, he didn't comment on New World Development during the interview. AAStocks Financial News |
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