Articles
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1 week ago |
news.bloombergtax.com | Trista Xinyi Luo |Pearl Liu
New World Development Co., the Hong Kong developer whose increasing distress had already put investors on edge, jolted them Friday with a surprise decision to defer interest payments on some bonds, amid a struggle with HK$210.9 billion ($26.9 billion) of liabilities. The company, controlled by the family empire of tycoon Henry Cheng, said it’s planning the step for coupons on four perpetual notes, according to a filing to the Hong Kong Stock Exchange.
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1 week ago |
news.bloomberglaw.com | Trista Xinyi Luo |Pearl Liu
New World Development Co., the Hong Kong developer whose increasing distress had already put investors on edge, jolted them Friday with a surprise decision to defer interest payments on some bonds, amid a struggle with HK$210.9 billion ($26.9 billion) of liabilities. The company, controlled by the family empire of tycoon Henry Cheng, said it’s planning the step for coupons on four perpetual notes, according to a filing to the Hong Kong Stock Exchange.
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1 week ago |
bloomberg.com | Trista Xinyi Luo |Pearl Liu
A building developed by a unit of New World Development Co.(Bloomberg) -- New World Development Co., the Hong Kong developer whose increasing distress had already put investors on edge, jolted them Friday with a surprise decision to defer interest payments on some bonds, amid a struggle with HK$210.9 billion ($26.9 billion) of liabilities.
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1 week ago |
bloomberg.com | Kari Lindberg |Pearl Liu
Zur Aufbesserung seiner Finanzen ist der angeschlagene Hongkonger Bauprojektentwickler New World Development dem Vernehmen nach auf der Suche nach weiteren Banken, die sich an einem milliardenschweren Kredit beteiligen. Der dreijährige Kredit beläuft sich auf bis zu 15,6 Milliarden Hongkong-Dollar (1,75 Milliarden Euro), als Sicherheit bietet New World eine seiner wertvollsten Immobilien, Victoria Dockside.
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1 week ago |
bloomberg.com | Kari Lindberg |Pearl Liu
The Victoria Dockside complex in Hong Kong. (Bloomberg) -- New World Development Co. is looking for more banks to join an up to HK$15.6 billion ($2 billion) loan backed by its key asset, Victoria Dockside, according to people familiar with the matter, as the cash-strapped company tries to shore up its finances.
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