New World Shares Give Up Gains From Rally on Blackstone Talks

Hong Kong builder New World Development Co. has fallen back in the stock market to where it traded before news last week that Blackstone Inc. was in talks to become...

By Pearl Liu, Trista Xinyi Luo · Bloomberg Markets

Hong Kong builder New World Development Co. has fallen back in the stock market to where it traded before news last week that Blackstone Inc. was in talks to become its single largest shareholder, as questions mount about the path forward.