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New World Development shares jump after closing $11.2 billion refinancing deal
By Clare Jim HONG KONG (Reuters) -Shares of New World Development surged on Wednesday after the cash-strapped Hong Kong ...
The Business Times3h
China urged to embrace stablecoins as US moves to cement lead
China faces growing calls from policy advisers and economists to explore using stablecoins for cross-border payments, as the ...
New World Development shares jump after $11.2 billion refinancing package
Shares of New World Development jumped as much as 11% in early trading on Wednesday, after the Hong Kong major property ...
Hong Kong’s all-male boardrooms are all but gone as most companies embrace diversity
More than 800 women have been added as directors since 2022, when 40 per cent of boards were male only, according to HKEX ...
The Manila Times13h
HK’s New World Development gets $11-B refinancing deal
HONG Kong builder New World Development said on Monday it had received commitments for a HK$88.2-billion ($11.24-billion) loan refinancing package, as the property developer finalizes a crucial ...
IPPMEDIA13h
Flag-raising ceremony, reception held to mark 28th anniversary of Hong Kong's return to motherland
The government of China's Hong Kong Special Administrative Region (HKSAR) on Tuesday held a flag-raising ceremony and a ...
Hong Kong Property Woes Persist Despite Banks’ Vote of Confidence
Bloomberg’s Hong Kong reporters followed the refinancing of New World amid a wave of property distress. We also have news on ...
KrASIA15h
HK's New World secures refinancing lifeline
New World Development has secured HKD 88.2 billion in loan refinancing, easing pressure on one of Hong Kong’s most indebted developers. The package follows months of negotiations and the departure of ...