New World Development
Blackstone in advanced talks to be New World Development’s largest shareholder
Under the proposed deal, the US company would be able to restructure the embattled developer
Hong Kong builder New World makes progress escaping distress
The company still faces a barrage of challenges
New World seeks asset sale by June to create positive cash flow
The firm is leaning towards disposing of a core asset located in Hong Kong,
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Billionaire Cheng family to seek sale of London Rosewood as pressures mount
New World is selling assets after falling Hong Kong property values lifted the group’s relative debt
Goldman Seeks to buy part of Hong Kong builder New World’s loan
The US bank has approached some lenders involved in the record US$11 billion loan
New World must reckon with US$6.8 billion of bonds after swap
China’s property debt crisis has sparked record defaults and unprecedented restructurings
Hong Kong tycoon Henry Cheng seeks sale of some Rosewood hotels
The group has 58 properties around the world
New World raises creditor support on overseas debt swap
The swap is the company’s latest move to ease liquidity stress stemming from the years-long downturn
New World gets 65% agreement on debt swap by early deadline
The company has become a poster child of the broader challenges developers face as they grapple with debt
