Asia · Financial press · Nikkei Asia
Hong Kong's New World proposes $3.2bn rights issue for capital 'reset'
Detailed summary
Debt-laden developer aims to prepay and service loans, fund project pipeline
HONG KONG -- New World Development on Sunday proposed a rights issue that would inject 24.9 billion Hong Kong dollars ($3.2 billion) of new capital into the debt-saddled Hong Kong property developer, after earlier talks with potential investors failed to bear fruit.
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