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Posted: 12 Mar 2013 | 10:47 am
A number of key hospitality assets are driving Hong Kong's New World Development's plan to launch an IPO in the second quarter of this year.
The financial press is saying the IPO may be able to a raise up to $1 billion.
New World's Hong Kong Assets include three properties managed by Hyatt International.
The cashing up exercise could fuel the company's expansion of their trio of hotel brands - Rosewood, New World and Pentahotels.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
A recent Channel News Asia television segment Boomtown Asia checked into the island's environmental, and sustainable tourism sectors.
The innovative Evening Breeze environmental cooling system is gaining global attention in the resort markets and villas.
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