New City Development offer period starts as receivers seek buyer for 86,485,742 charged shares

PUBT·07/15/2026 11:33:45

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Receivers managing 86,485,742 charged shares in New City Development Group have received an indicative offer from a potential buyer.
The stake represents about 40.37% of issued shares, potentially shifting control if sold.
No binding agreement has been signed for the disposal, with talks still preliminary.
An offer period under Hong Kong’s Takeovers Code began on July 15, 2026.
Monthly updates will follow until a firm offer is announced or the process is dropped.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New City Development Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260715-12245497), on July 15, 2026, and is solely responsible for the information contained therein.

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