New World Shares Jump as Blackstone Is Said to Be in Stake Talks
Shares of New World Development Co. surged to a two-year high after people familiar with the matter said late Thursday that Blackstone Inc. is in advanced talks to become the...
By Jing Jin · Bloomberg Markets
Shares of New World Development Co. surged to a two-year high after people familiar with the matter said late Thursday that Blackstone Inc. is in advanced talks to become the single largest shareholder of the Hong Kong developer.