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New World Development Company Limited is a conglomerate based in Hong Kong, primarily involved in property development, infrastructure, and services. The company operates through several business segments, including property development, property investment, hotel operations, and department stores. Its property development segment focuses on the development and sale of residential, commercial, and industrial properties, while the property investment segment deals with leasing out office and retail spaces. The hotel operations segment manages and operates hotels and serviced apartments, and the department stores segment operates department stores and retail outlets. The company is headquartered in Hong Kong, and its shares are listed on the HKEX.