The Business Times

New World Development

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

The facility will have an initial committed tranche of up to HK$3.95 billion and would be used for New World Development’s ordinary course financing activities.
Property

New World Development secures up to HK$5.9 billion loan from Deutsche Bank

New World has spent HK$20 billion developing the 3.8 million square foot complex on a site next to the airport leased from the authority.
Property

New World seeks rent cut for ailing Hong Kong airport mega mall

Adrian Cheng has been gradually stepping away from his family-related operations, ceasing to be director of New World’s K11 Group and K11 Concepts from November last year.
International

New World scion Adrian Cheng resigns from family investing firm

New World’s debt crisis stems from an aggressive expansion that came just before Hong Kong was rocked by political turmoil, the pandemic and a prolonged real estate slump.
Property

New World’s Cheng family weighs capital injection by year-end: sources

The company has been seeking to sell its 11 Skies mall at a loss, according to sources.
Property

New World in talks with Blackstone, CapitaLand: sources

These women are showing the hospitality world how it's done.
Global Enterprise

Leading ladies: The women heading the biggest family-led hotels in Asia

New World has one of the highest debt burdens of any Hong Kong developer amid a years-long property slump in the city and mainland China.
Property

New World shares, bonds jump after report on financing talks

Facing liquidity pressure, New World Development is accelerating asset sales – including in mainland China – as it rushes to shore up its balance sheet.
Property

New World seeks to sell 11 Skies airport mall to boost liquidity: sources

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