By Rishav Chatterjee (Reuters) -Hong Kong builder New World Development said on Monday it had received commitments for a ...

HONG Kong builder New World Development said on Monday it had received commitments for a HK$88.2-billion ($11.24-billion) loan refinancing package, as the property developer finalizes a crucial ...

Bloomberg’s Hong Kong reporters followed the refinancing of New World amid a wave of property distress. We also have news on ...

Cheng tendered his resignation as a non-executive director and non-executive vice-chairman of New World with effect from July ...

Distressed Hong Kong builder New World Development Co. has secured written commitments from all banks for a HK$87.5 billion ...

Hong Kong developer New World Development (NWD) has successfully refinanced HK$88.2 billion (US$11.3 billion) of debt just before the deadline, concluding months of negotiations that pulled the ...

New World Development borrowed money for projects that people inside and outside the company have characterised as ...

The sale comes on the heels of New World Development's recently concluded $11.2 billion debt refinancing deal, providing a reprieve to the cash-strapped Hong Kong-based developer.

With a strong sales response for its jointly owned Deep Water Pavilia project in Wong Chuk Hang on the south side of Hong ...

Hong Kong's New World Development is actively negotiating with creditors to refinance substantial loans amidst growing ...

Hong Kong builder New World Development said on Monday it had received commitments for a HK$88.2 billion ($11.24 billion) loan refinancing, as the builder finalises a crucial lifeline in a distressed ...