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    Cheng family’s NWD slumps after admitting 11 Skies, new investor plans stalled

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    Source: South China Morning Post
    Published: 2026-05-14 19:10 UTC+10:00
    Section: New World Development
    Factuality Score: 100
    Opinion Category: Neutral
    Topics: Property, Asia, China, Financial Markets, Family, World News, Business & Economy, Asia Pacific
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    Snippet:
    The beleaguered developer is reportedly trying to offload the 11 Skies project and secure fresh investment to improve its balance sheet
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