New World Development - Milestones

Milestones

  • 1973 New World Centre begins construction on the Holt's Wharf site - phase 1 completed in 1979
  • 1973 acquires Hip Hing Construction Company Limited
  • 1975 City One Shatin development completed
  • 1976 acquires Timely Enterprises Corporation
  • 1985 acquires 49% stake in ATL Logistics Centre Hong Kong Limited
  • 1988 acquires 24% stake in Tate's Cairn Tunnel
  • 1993 acquires Ramada hotels (outside of US and Canada) and Renaissance Hotels
  • 1992 New World Development (China) created
  • 1993 acquires Stouffers Hotels Co and folded into Renaissance Hotels
  • 1997 acquires 50% stake in Sino-French Holdings (Hong Kong) Limited and New World Services Limited created
  • 1999 New World First Ferry Services Limited established; acquires 19.9% stake in Kwoon Chung Bus Holdings Limited
  • 2000 acquires New World Insurance Services Limited

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