New World Development Co. Ltd. (NWD) was a leading conglomerate based in Hong Kong. After more than 20 years of operation, the group had expanded its core business to property, infrastructure, services and telecommunications belong. From late 1997 to June 2001, the price performance of the company had been miserable. Efforts to reduce its sales to gearing and confused at the same time additional investment in new businesses, investors. Security analysts also blame the company for s … Read more »

New World Development Co. Ltd. (NWD) was a leading conglomerate based in Hong Kong. After more than 20 years of operation, the group had expanded its core business to property, infrastructure, services and telecommunications belong. From late 1997 to June 2001, the price performance of the company had been miserable. Efforts to reduce its sales to gearing and confused at the same time additional investment in new businesses, investors. Security analysts also blame the company for not keeping their promise to focus on the core business of real estate.
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from
Su Han Chan,
Ko Wang
Mary Ho
Source: University of Hong Kong
16 pages.
Release Date: 9 November 2001. Prod #: HKU166-PDF-ENG
New World Development Co. Ltd.: Sprinkle or Focus? HBR case solution