 new world development company limited (nwd), based in hong kong, is active in property, infrastructure, services and telecommunications. it was established in 1970 with dr ho sin hang as chairman and chow chi yuen as director and general manager. chow became chairman in 1982. the company is listed on the hong kong stock exchange (, ) since 23 november 1972. it is controlled by majority shareholder, chow tai fook, a holding company owned by businessman, cheng yu-tung. ==controversies== ===hung hom peninsula=== one such project, the hung hom peninsula, was sold for a below-market land premium of hk$864 million to new world development, who subsequently sold off half share to sun hung kai properties. in 2004, the consortium announced the demolition of these buildings to make way for luxury apartments, to be faced with huge popular outcry about the needless destruction of "perfectly good buildings" to satisfy "corporate greed". in an unprecedented about-turn, the developers withdrew the plan on december 10, 2004. ===leung chin-man===  in 2008, new world was the subject of controversy when it announced it had hired former permanent secretary for housing, planning and lands leung chin-man as deputy managing director and executive director of its china subsidiary, new world china land ltd. the secretary for the civil service denise yue chung-yee, signed off on the approval for him to take up the job within three years of leaving,{{cite news |url= http://www.thestandard.com.hk/news_detail.asp?pp_cat=11&art_id=69649&sid=20042344&con_type=1&d_str=20080805&sear_year=2008 |title= former housin
Companies_established_in_1970 Companies_listed_on_the_Hong_Kong_Stock_Exchange Companies_listed_on_the_Pink_Sheets Conglomerate_companies_of_China Conglomerate_companies_of_Hong_Kong Hang_Seng_Index_Constituent_Stocks Land_developers_of_Hong_Kong New_World_Development Warrants_issued_in_Hong_Kong_Stock_Exchange