New World Development (0017.HK) continues to sell non-core assets to raise money. Following the sale of the Jubilee Square mall for over HKD 4 billion, the company has now sold the remaining 30% equity of the North Tower of the Chow Tai Fook Financial Centre in the Qianhai Free Trade Zone, Shenzhen to its parent company, Chow Tai Fook Enterprises, for over HKD 1.55 billion. The building has a floor area of ​​approximately 125,600 square meters, with office space of approximately 99,000 square meters and an occupancy rate of approximately 37%. The company does not have control over the property due to its limited equity. According to unaudited consolidated financial statements, the target company is expected to record a monthly loss of about RMB 4 million from June to August 2024. The board of directors believes that the sale is an opportunity for the group to release the investment value of the property and improve the group's liquidity and financial condition. The proceeds from the sale will be used to repay the outstanding loan and allocate the net amount to general operating funds.