By Clare Jim HONG KONG (Reuters) -Shares of New World Development surged on Wednesday after the cash-strapped Hong Kong ...

By Rishav Chatterjee (Reuters) -Hong Kong builder New World Development said on Monday it had received commitments for a ...

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 ...

Cheng tendered his resignation as a non-executive director and non-executive vice-chairman of New World with effect from July ...

Bloomberg’s Hong Kong reporters followed the refinancing of New World amid a wave of property distress. We also have news on ...

Distressed Hong Kong builder New World Development Co. has secured written commitments from all banks for a HK$87.5 billion ...

New World Development borrowed money for projects that people inside and outside the company have characterised as ...

Hong Kong developer New World Development (NWD) has successfully refinanced HK$88.2 billion (US$11.3 billion) of debt just before the deadline, concluding months of negotiations that pulled the ...

The sale comes on the heels of New World Development's recently concluded $11.2 billion debt refinancing deal, providing a reprieve to the cash-strapped Hong Kong-based developer.

Hong Kong's New World Development is actively negotiating with creditors to refinance substantial loans amidst growing ...

Shares of New World Development jumped as much as 11% in early trading on Wednesday, after the Hong Kong major property ...

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 finalises a crucial ...