{
  "id": 8918035,
  "title": "Hong Kong developer New World gets nod to spin off K11 Shanghai assets",
  "url": "https://urgent.news/2026/09/21/hong-kong-developer-new-world-gets-nod-to-spin-off-k11-shanghai-assets-8918035",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T12:00:12.000Z",
  "source": {
    "name": "SCMP Business",
    "slug": "scmp-business",
    "url": "https://www.scmp.com/business/article/3368276/hong-kong-developer-new-world-gets-nod-spin-k11-shanghai-assets"
  },
  "original_language": "en",
  "account": null,
  "summary": "New World Development (NWD) received the green light from the Shanghai Stock Exchange to spin off and list a Reit (real estate investment trust) on the bourse, according to the distressed developer controlled by one of Hong Kong’s wealthiest families. The expected offering size for the NWD C-Reit was about 3.82 billion yuan (US$570 million), from which the group’s estimated net proceeds would be…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Hong Kong Free Press",
        "title": "Murder trial opens for ex-husband and in-laws of Hong Kong socialite Abby Choi",
        "url": "https://urgent.news/2026/09/21/murder-trial-opens-for-ex-husband-and-in-laws-of-hong-kong-socialite",
        "published": "2026-09-21T09:34:23.000Z"
      },
      {
        "outlet": "South China Morning Post",
        "title": "Hong Kong woman, 80, loses HK$6 million to fake online investment expert",
        "url": "https://urgent.news/2026/09/21/hong-kong-woman-80-loses-hk-6-million-to-fake-online-investment-expert",
        "published": "2026-09-21T10:33:54.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}