New World Seeks Rent Cut for Ailing Hong Kong Airport Mega Mall

BloombergMonday, September 22, 2025 at 2:05:36 AM
New World Seeks Rent Cut for Ailing Hong Kong Airport Mega Mall
New World Development Co. is negotiating with Hong Kong's Airport Authority to lower rental costs at its 11 Skies mall. This move comes as the company faces a severe liquidity crisis, highlighting the ongoing struggles of the Hong Kong retail sector. The outcome of these discussions could significantly impact the future of the mall and the broader economic landscape in Hong Kong.
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