New World Development
Hong Kong’s New World clan bets on property rebound for lifeline
The territory’s housing prices are forecast to climb as much as 15% this year, with prime mall rents up by 5%
New World’s top shareholder seeks to refinance HK$7.3 billion loan
The company is in preliminary discussions with banks for a potential five-year facility
Blackstone talks on US$4 billion New World deal stall over control
The property firm is one of Hong Kong’s “Big Four” property developers
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
