久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

New World seals HK$18.5b deal with Abu Dhabi group

Updated: 2015-05-01 07:32

By Felix Gao in Hong Kong(HK Edition)

  Print Mail Large Medium  Small 分享按鈕 0

Sale of stakes in three prime HK hotels linked to poor outlook for tourism

New World Development Co Ltd - controlled by the family of tycoon Cheng Yu-tung - will sell part of its stakes in three prime Hong Kong hotels to a joint venture between the conglomerate and the Abu Dhabi Investment Authority (ADIA) in a HK$18.5-billion deal that has been linked to the gloomy outlook for the city's tourism sector.

New World will receive HK$10 billion in cash for injecting the Grand Hyatt Hong Kong, Renaissance Harbour View and Hyatt Regency Tsim Sha Tsui into the 50:50 joint venture with ADIA, the company said on Thursday.

A third-party valuation shows the three hotels had a market value of HK$21.3 billion as of March 1 this year.

New World said it will use the proceeds for development projects, and expanding its land reserves and working capital.

New World's share price surged as much as 4.2 percent - the biggest gain in more than 18 months - and added 2.2 percent to close at HK$10.3 on Thursday.

The sale follows New World's previous attempt to spin off the three hotels in a Hong Kong share sale in 2013, which sought to raise up to $1 billion, but was aborted because of market volatility.

"The transaction offers the best of both worlds for our shareholders - we continue to retain long-term interests in these prime hotel assets in Hong Kong while, at the same time, recycling capital to pursue other value-enhancing investments," New World Vice-chairman Adrian Cheng Chi-kong said.

Joyce Kwock, an analyst at Credit Suisse Group AG, said New World wants to actively buy land but doesn't want to increase its gearing, and the sale makes sense as hotel operations have become more difficult.

According to the Hong Kong Tourism Board, the city's hotel-room occupancy in the first quarter of this year fell to 86 percent from 90 percent a year earlier, while the March data retreated 9 percentage points to 84 percent. Visitor arrivals in March dropped by 8.7 percent compared with a year ago.

"In the past, Hong Kong's tourism had benefited from the Individual Visit Scheme. But now, it has been hit by policy changes. I believe one of the reasons for New World's sale is the gloomy outlook for the hotel business," said Ben Kwong Man-bun, head of research at KGI Asia Ltd.

In mid-April, Hong Kong scrapped multiple entry permits for Shenzhen residents and replaced them with one-visit-a-week permits.

New World had stakes in 18 hotels on the mainland and in Hong Kong and Southeast Asia at the end of last year, according to the company's interim report. Its hotel revenue posted a 19.7-percent decline to HK$361.4 million in fiscal 2014 over the previous year.

Lifestyle International Holdings Ltd, which owns the Sogo department stores, sold a 19.9-percent stake to the Qatar Investment Authority for HK$4.78 billion in October last year.

felix@chinadailyhk.com

New World seals HK$18.5b deal with Abu Dhabi group

 New World seals HK$18.5b deal with Abu Dhabi group

Dancers perform on a platform in the atrium of the K11 Art Mall in Shanghai, operated by New World Development Co Ltd. The proposed HK$10-billion cash injection from Abu Dhabi Investment Authority is hailed by investors of New World Development. Tomohiro Ohsumi / Bloomberg

(HK Edition 05/01/2015 page6)

久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    欧美变态口味重另类| 久久久久国产免费免费| 视频一区免费在线观看| 91精品国产色综合久久久蜜香臀| 美女性感视频久久| 欧美国产日韩亚洲一区| 色综合激情五月| 婷婷丁香久久五月婷婷| 精品国产91亚洲一区二区三区婷婷 | 首页国产丝袜综合| 亚洲精品一线二线三线| 成人激情开心网| 一级精品视频在线观看宜春院 | 国产精品成人免费| 欧美视频在线一区| 经典一区二区三区| 亚洲美女精品一区| 日韩欧美国产一二三区| 成人精品鲁一区一区二区| 一区二区在线观看免费视频播放| 91精品福利在线一区二区三区 | www精品美女久久久tv| av不卡在线播放| 天天色综合成人网| 中文字幕欧美激情| 欧美精品一二三区| 成人午夜电影小说| 首页亚洲欧美制服丝腿| 国产精品午夜在线| 51午夜精品国产| 99久久精品国产精品久久| 日韩国产在线观看一区| 国产精品嫩草99a| 91精品国产综合久久精品性色| 成人网在线播放| 日本欧美肥老太交大片| 亚洲欧美在线视频观看| 欧美成人官网二区| 在线观看国产日韩| 国产成人精品影院| 日韩va欧美va亚洲va久久| 国产精品久久久久久久久快鸭 | 日韩一区二区三区视频在线观看| 成人久久视频在线观看| 日本成人中文字幕在线视频| 亚洲天堂av老司机| 26uuu精品一区二区| 欧美日韩精品久久久| 高清不卡在线观看| 蜜臀av国产精品久久久久| 亚洲精品久久久蜜桃| 精品国产自在久精品国产| 91黄视频在线观看| 粉嫩aⅴ一区二区三区四区| 五月综合激情网| 国产精品免费网站在线观看| 精品盗摄一区二区三区| 欧美精品久久久久久久久老牛影院| 本田岬高潮一区二区三区| 久久99久久99小草精品免视看| 亚洲精品免费视频| 国产性做久久久久久| 91精选在线观看| 欧美亚洲禁片免费| 91丨九色丨蝌蚪丨老版| 国产福利精品导航| 精品无人码麻豆乱码1区2区| 三级影片在线观看欧美日韩一区二区| 亚洲日本欧美天堂| 国产精品免费久久久久| 久久亚洲综合色| 日韩欧美二区三区| 欧美精品v日韩精品v韩国精品v| 91麻豆精品在线观看| 不卡一区中文字幕| 国产精品88888| 狠狠色丁香久久婷婷综| 蜜臀av一区二区三区| 天天综合天天综合色| 亚洲一区二区三区国产| 亚洲图片另类小说| 国产精品电影一区二区| 日本一区免费视频| 国产婷婷色一区二区三区在线| 亚洲同性同志一二三专区| 色中色一区二区| 91丨porny丨中文| 成人激情黄色小说| www.亚洲激情.com| www.日韩在线| 97久久超碰国产精品| 白白色 亚洲乱淫| 成人h精品动漫一区二区三区| 粉嫩13p一区二区三区| 高清在线成人网| 丁香婷婷综合激情五月色| 国产69精品一区二区亚洲孕妇| 国产精品亚洲一区二区三区妖精 | 欧洲视频一区二区| 欧美性猛交一区二区三区精品| 欧美伊人久久久久久午夜久久久久| 91亚洲精华国产精华精华液| 不卡大黄网站免费看| bt7086福利一区国产| 成人黄色大片在线观看| 99久久精品99国产精品| 91在线视频观看| 欧美性大战xxxxx久久久| 欧美性受xxxx黑人xyx性爽| 欧美性色aⅴ视频一区日韩精品| 欧美色成人综合| 欧美日韩一区不卡| 欧美一区二区三区在线看| 精品少妇一区二区三区| 久久综合九色综合欧美亚洲| 国产清纯在线一区二区www| 国产精品素人视频| 亚洲男人天堂一区| 亚洲午夜久久久久中文字幕久| 亚洲成av人片一区二区梦乃| 日韩高清在线电影| 韩国女主播成人在线观看| 国产成人av影院| 色网站国产精品| 91精品综合久久久久久| 久久婷婷成人综合色| 亚洲国产精品激情在线观看 | 午夜精品成人在线视频| 美女尤物国产一区| 成人一级视频在线观看| 在线一区二区三区做爰视频网站| 欧美高清视频一二三区 | 中文字幕精品—区二区四季| 亚洲免费观看高清| 日韩精品每日更新| 国产精品1区2区| 色偷偷久久人人79超碰人人澡| 在线不卡一区二区| 久久久亚洲国产美女国产盗摄| 中文字幕在线不卡| 日韩精品亚洲专区| 国产91精品一区二区麻豆亚洲| 欧美中文字幕久久| 精品久久久久久久久久久久久久久久久| 欧美激情一区不卡| 亚洲国产一区二区a毛片| 狠狠色狠狠色综合日日91app| 91蜜桃婷婷狠狠久久综合9色| 欧美一区二区私人影院日本| 中文字幕精品—区二区四季| 亚洲第一福利一区| 国产精品伊人色| 欧美体内she精视频| 久久久精品免费网站| 亚洲精品国产视频| 精品一区二区久久久| 色香蕉成人二区免费| 精品国产网站在线观看| 亚洲欧美视频一区| 经典三级视频一区| 欧美一a一片一级一片| 久久精品夜色噜噜亚洲a∨| 亚洲一区二区三区四区不卡| 精品一二三四在线| 欧洲激情一区二区| 国产拍揄自揄精品视频麻豆| 亚洲成人综合视频| caoporen国产精品视频| 欧美mv日韩mv国产| 亚洲成人1区2区| eeuss鲁片一区二区三区| 欧美一级黄色片| 一区二区三区加勒比av| 国产福利一区二区三区视频在线| 国产精品成人一区二区艾草| 图片区小说区国产精品视频| 成人黄色综合网站| 日韩欧美一级二级| 一区二区三区在线视频观看58| 国产精品一区专区| 91精品国产aⅴ一区二区| 综合色中文字幕| 精品一区二区在线视频| 欧美日韩免费观看一区二区三区| 中文字幕免费一区| 日韩和欧美一区二区| 色哟哟国产精品| 国产日产精品一区| 久久99久久99| 欧美在线看片a免费观看| 国产精品久久久久久久久久久免费看 | 岛国av在线一区| 精品国产乱码久久久久久蜜臀 | 一区二区三区免费看视频| 国产成人av一区二区三区在线| 日韩欧美久久久| 天天综合色天天| 在线观看av一区二区| 亚洲色图19p| www.亚洲国产|