| New World Department Store China | |||||||||||||
| Type: | Listed company | ||||||||||||
| Traded As: | HKEX: | ||||||||||||
| Foundation: | 1993 | ||||||||||||
| Location City: | Hong Kong | ||||||||||||
| Key People: | Chairman Mr. Henry Cheng | ||||||||||||
| Area Served: | Mainland China | ||||||||||||
| Industry: | Department stores | ||||||||||||
| Parent: | New World Development | ||||||||||||
| Module: |
| ||||||||||||
New World Department Store China Limited is a Hong Kong–based holding company for department store chains in the Mainland China. New World Department Store China is a subsidiary of another listed company New World Development. It has self-owned stores and managed stores in mainland China and in the past in Hong Kong. It operates under two brands: "New World" and Ba-li Chun-tian . The chairman is Henry Cheng, the son of the Hong Kong billionaire, Cheng Yu-tung.[1] It was listed on the Stock Exchange of Hong Kong with IPO price of HK$5.8 per share.[2]