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

Adrian Cheng, a third-generation heir to Hong Kong’s third-richest clan, has fully exited the family’s troubled property ...

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

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

New World Development Co., one of Hong Kong’s most indebted builders, is close to securing a crucial HK$87.5 billion ($11.1 ...

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 ...

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

HONG KONG, Sept 26 (Reuters) - The chief executive of Hong Kong's New World Development (0017.HK), opens new tab, Adrian Cheng, the third-generation scion of the firm's founding family, has ...

New World Development, which has the highest debt among its Hong Kong peers, said it refinanced about HK$17.76 billion ($2.28 billion) of its bank loans since July 2024.

HONG KONG, Sept 27 (Reuters) - Shares of Hong Kong's New World Development , opens new tab jumped 20% in early Friday trade after the loss-making and indebted property developer announced a change ...

HONG KONG (Reuters) - Shares in major Hong Kong property developer New World Development plunged 13% after it estimated a net loss of as much as HK$20 billion ($2.6 billion) for the financial year ...

HONG KONG (Reuters) -Shares of New World Development jumped as much as 11% in early trading on Wednesday, after the Hong Kong ...