New World Development Stock Soars 16% as Parent Outlines 'Win-Win' Strategy
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Shares of New World Development surged 16% on Monday, reaching a two-year high, following comments from its parent company, Chow Tai Fook Enterprises, about pursuing 'win-win' deals. This has sparked optimism regarding potential improvements in the developer's finances. The company's stock has increased by 40% in 2025 and 52.27% year-to-date, alleviating investor concerns about its debt profile.
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