New World Development
Asia Logistics Technologies (ALT) was a Hong Kong listed company. It was the majority owner of New World Cyberbase, for 27.48% stake as of 2004. Immediately before the backdoor listing of New World PCS, a unit of the conglomerate New World Development, New World Development already owned 5.60% shares of ALT, while Hong Kong businessman owned 30.11% as the largest shareholder.