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Hong Kong developer NWD says it will ‘create shared value’, as it takes control of State Theatre Building site
The conservation of the 68-year-old State Theatre in Hong Kong’s North Point district will be the highlight of property company New World Development’s (NWD) redevelopment plan, according to its executive vice-chairman.The developer, which is worth HK$99.7 billion (US$12.9 billion), was pursuing financial success as well as social benefits with the project, Adrian Cheng Chi-kong said. “On top of making money, we will create shared value – a connection between social progress and business…