FB Pixel no scriptHK's New World secures refinancing lifeline
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KrASIA
Jul
1

HK's New World secures refinancing lifeline

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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 former CEO Adrian Cheng. CEO Echo Huang said the deal enhances operational flexibility as the firm focuses on debt reduction and cash flow.
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