Trista Xinyi Luo
Reporter at Bloomberg News
Reporter @business /Tips: [email protected]/ IG: tristaxinyiluonews / Words @CoinDesk @KOMUnews/@mujschool alum🐯/Views are mine :)
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 |
sg.news.yahoo.com | Trista Xinyi Luo |Pearl Liu
New World has been racing to complete a HK$87.5 billion ($11.2 billion) loan refinancing deal and recently asked banks to finalize it by the end of June. New World Development Co. said that it plans to defer coupon payments due in June on perpetual bonds, as a deadline neared for the cash-strapped builder to notify holders of its decision.
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1 week ago |
news.bloombergtax.com | Pearl Liu |Trista Xinyi Luo
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SCOOP: Hong Kong developer New World is seeking a loan of up to $2 billion using one of its most valuable assets as collateral, sources say https://t.co/Ltyl1HQcb0 via @markets
A growing number of builders that passed a seemingly key stage of restructurings in getting court approval for their plans are heading back to square one https://t.co/rmDPEtYwxp via @business
A fun side job to cover family feud 😎
The administrators of Stanley Ho's estate are bringing 18 of his descendants to court to ensure payment of costs and expenses related to another court case involving his late sister's estate executor https://t.co/mcy1zq3DUu via @business @luo_trista @PearlLiu