Personnel changes in the New World Group: Huang Shaomei takes charge of New World Department Store; New World stock price once rose over 15%
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New World Department Store China (825) announced personnel changes, with Executive Director and CEO Xie Huifang resigning, and Huang Shaomei taking over. The stock price subsequently rose, increasing by 6.9% to HKD 0.31 for the half-day; New World Development (017) saw its stock price rise over 15%, peaking at HKD 9.5, and closing at HKD 9.24 for the half-day. The market holds an optimistic view on real estate stocks, with other real estate stocks such as Sun Hung Kai Properties (016), Sino Land (083), and Cheung Kong (1113) also experiencing varying degrees of increase
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