New World, ADIA in Talks for HK$3 Billion Hotel Sale to UOL

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...

By Trista Xinyi Luo and Cathy Chan · Bloomberg Markets

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.