New World, ADIA in Talks for HK$3 Billion Hotel Sale to UOL
Source: Bloomberg ·
Property firm New World Development Co. is in talks to sell its 50% stake in a Hong Kong hotel to Singapore’s UOL Group Ltd., according to people familiar with the matter.
BestAIBroker analysis
Finance-aware sentiment: slightly positive (+0.10 on a -1 to +1 scale).