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(Bloomberg) -- Shares of New World Development Co. fell as much as 14% Monday morning, as a slowdown in Hong Kong’s property market weighs on the company owned by billionaire Cheng’s family.Most Read from BloombergThe company said late…

In 2021, on the back of China’s real estate boom, Yang Huiyan was the richest woman in Asia. As the majority shareholder of the country’s biggest property developer, Country Garden, she was worth about $30bn.Two years later, the vast…