New World Dev (00017.HK) held a shareholder meeting today (21st), where Chairman Cheng Ka Chun reiterated that the company's current debt level is high, and the primary task is to reduce debt, to find ways to bring cash back. He also indicated that if the debt can be reduced, dividends will be resumed afterwards.

Additionally, a shareholder at the meeting suggested considering the privatization of New Department Store (00825.HK), arguing that trading of the stocks is low and it is difficult to cash out. Cheng Ka Chun also stated that the current goal is to reduce debt, and any acquisitions or situations that may affect cash are not being considered for the time being.