The Business Times

New World Development

Property

Hong Kong tycoon Henry Cheng seeks sale of some Rosewood hotels

Stung by a property slump in Hong Kong and mainland China, New World has been struggling with its debt.
Property

New World raises creditor support on overseas debt swap

One of the first things that many visitors to Hong Kong see is New World’s 11 Skies mall just beside the airport, a project that it’s discussed trying to sell.
Property

New World gets 65% agreement on debt swap by early deadline

Although New World secured a record US$11 billion in loan refinancing earlier this year, the company needs funding to help reduce its debt load and maintain operations.
Property

New World’s talks with foreign investors stall over concessions

The company intends to issue up to US$1.6 billion in new perpetual securities, with the remaining US$300 million allocated to new notes.
Property

How Hong Kong property giant New World ran into trouble

New World Development headquarters in Hong Kong. Photographer: Paul Yeung/Bloomberg
Property

New World tells creditors not much room to sweeten debt swap

anke has been relying on liquidity support from its largest shareholder, Shenzhen Metro Group, for months.
Property

New World, Vanke debt moves shake up China’s property sector

The company intends to issue up to US$1.6 billion in new perpetual securities, with the remaining US$300 million allocated to new notes.
Property

New World Development launches up to US$1.9 billion debt exchange offer

The residential sectors in Hong Kong and mainland China, where New World sells homes, remain sluggish.
Property

New World posts HK$16.3 billion loss as builder’s woes persist

The residential sectors in Hong Kong and mainland China – where New World sells homes – remain sluggish.
Property

New World Development posts HK$16.3 billion loss as woes persist

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