New World Development Company Limited
OTHER INFORMATION
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Interim Dividend
The Board has declared an interim dividend of HK$0.13 per share for the financial year ending 30 June 2016 to
shareholders registered on 18 March 2016.
The interim dividend will be payable in cash but shareholders will be given the option of electing to receive the interim
dividend in the form of new shares in lieu of cash in respect of part or all of such dividend. The new shares to be issued
pursuant to the scrip dividend scheme are subject to their listing being granted by the Listing Committee of the Hong
Kong Stock Exchange. A circular containing details of the scrip dividend scheme will be despatched to shareholders
together with the form of election for scrip dividend on or about 12 April 2016. It is expected that dividend warrants and
certificates for the scrip shares will be posted to shareholders on or before 20 May 2016.
Book Close Dates
Book close dates (both days inclusive)
:
15 March 2016 to 18 March 2016
Latest time to lodge transfer with share registrar
:
4:30 pm on Monday, 14 March 2016
Address of share registrar
:
Tricor Tengis Limited
Level 22, Hopewell Centre,
183 Queen’s Road East,
Hong Kong
Purchase, Sale or Redemption of Listed Securities
The Company has not redeemed any of its listed securities during the six months ended 31 December 2015. Neither the
Company nor any of its subsidiaries has purchased or sold any of the Company’s listed securities during the six months
ended 31 December 2015.
Major Acquisition and Disposal
1. On 3 July 2015, New World Development (China) Limited (the “NWDCL”), a wholly owned subsidiary of NWCL,
entered into a sale and purchase agreement with Chow Tai Fook Enterprises Limited (“CTF”) pursuant to
which NWDCL agreed to sell and CTF agreed to acquire the entire issued share capital of, and the outstanding
shareholder’s loans owing from, New World Hotel Management (BVI) Limited (“NWHM”) for a cash consideration
of HK$2,753.0 million. NWHM is the holding company of certain companies which are principally engaged in
the provision of hotel management services. The transaction was completed on 29 December 2015, and NWCL
recognised a gain of approximately HK$768.9 million.
2. On 20 November 2015, the Company entered into a sale and purchase agreement with CTF pursuant to which
CTF agreed to sell and assign, and the Company agreed to purchase and accept the assignment of 36% of the
issued shares of Beames and the entire amount of unsecured and non-interest bearing shareholder’s loan owing
from Beames to CTF for a total adjusted consideration of approximately HK$3,592.8 million. Beames, through
its subsidiaries, associated companies and joint ventures, is principally engaged in hotel business operations and
property investment in Hong Kong and Southeast Asia. The transaction was completed on 23 November 2015.
3. On 2 December 2015, three sale and purchase agreements were entered into between Shengyu (BVI) Limited
(“Shengyu”) and NWDCL in relation to the disposal of NWCL Group’s interests in the property projects in Haikou,
Huiyang and Hankou of Wuhan City, all three projects are in the PRC, for a total consideration of RMB8,600 million
(equivalent to approximately HK$10,424.2 million), RMB1,100 million (equivalent to approximately HK$1,333.3
million) and RMB3,800 million (equivalent to approximately HK$4,606.1 million) respectively. These transactions
were completed in January 2016 and the estimated gain for NWCL was approximately HK$6,577.0 million.
