Hong Kong Property Group’s Shares Jump After $11bn Debt Deal

Hong Kong Property Market Defies Financial Gravity

The Hong Kong property market shows every sign of being artificially propped up to save embarrassment for its major banks. As a result, there is a failure to bite the bullet and force deflating borrowers to sell assets or admit bankruptcy and thereby share the pain with the bankers who believed the nonsense that Hong Kong property prices always went up and that companies such as New World Development were backed by an inexhaustible supply of pri…

Hong Kong property group’s shares jump after $11bn debt deal

New World Development stock price rises 11% on first trading day since refinancing support secured

Hong Kong Property Woes Persist Despite Banks’ Vote of Confidence

New World reached a refinancing deal that ‘buys some time’ for Hong Kong to solve its property problem

Local market braces for ripple effects from New World Development’s massive debt deal

The local banking and real estate sectors are cautiously optimistic following a record-breaking refinancing deal by Hong Kong’s New World Development (NWD), a move seen as a stabilizing force for the region’s strained property market. While NWD’s HKD88.2 billion (USD11.2 billion) refinancing may appear distant, experts in Macau say the implications are worth monitoring. As […] The post Local market braces for ripple effects from New World Develo…

New World Wins $11B Refinancing Deal as Adrian Cheng Exits - Mingtiandi

Hong Kong’s New World Development on Monday announced the successful refinancing of HK$88.2 billion ($11.2 billion) in offshore debt, as well as the resignation of third-generation scion and former CEO Adrian Cheng from the family-controlled builder’s board of directors. New... Read More>> The post New World Wins $11B Refinancing Deal as Adrian Cheng Steps Down From Board appeared first on Mingtiandi.