New World Seeks to Sell 11 Skies Airport Mall in Hong Kong

New World Development Co. is seeking to sell its flagship 11 Skies airport mall in Hong Kong to address liquidity constraints, according to people familiar with the matter.

The company has held early-stage discussions with the Hong Kong airport authority on its plans, the people said, requesting not to be named because the matter is private. The talks are preliminary and subject to change, the people said.