New World Development
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
New World’s talks with foreign investors stall over concessions
There is disagreement over how much control the clan is prepared to hand over in return for a capital injection
How Hong Kong property giant New World ran into trouble
A record HK$88.2 billion loan refinancing deal in June offers hope of a new start for the beleaguered company
New World tells creditors not much room to sweeten debt swap
The plan to swap existing debt for new securities includes haircuts of as much as 50% on perpetual bonds
New World, Vanke debt moves shake up China’s property sector
In Hong Kong, the commercial real estate continues to face challenges
