NEW WORLD DEVELOPMENT Aktie

 

The billionaire Cheng family have put a luxury London hotel up for sale as they grapple with liquidity challenges at debt laden Hong Kong property group New World Development Co....

Rosewood Hotel Group said on Friday it was pushing ahead with its global expansion, announcing new openings including its first ski resort, just days after sources said Chow Tai Fook Enterprises (CTFE), the private investment holding company of the Cheng family and the parent firm of debt-ridden New World Development (NWD), had no plans to sell the prized asset. The privately owned hotel operator said Rosewood Courchevel Le Jardin Alpin, an alpine resort in the French Alps, opened on schedule,......

A top executive of a multinational logistics group has bought a luxury flat in Hong Kong's Mid-Levels West for HK$132 million (US$16.9 million), adding to a growing list of wealthy buyers acquiring high-end homes as prices soften. Cherry Hill Investment, an entity linked to Arnold Lee, acquired the 2,772 sq ft, four-bedroom apartment at The Legacy, jointly developed by Henderson Land Development and New World Development, according to Land Registry records. The transaction was completed on......

Local media trading company PressLogic announced that it has completed the strategic acquisition of the parenting website, Baby Kingdom.NEW WORLD DEV (00017.HK) acquired Baby Kingdom through its strategic Investment in 2017, without disclosing the investment amount and shareholding ratio at that time, only stating that NEW WORLD......

Goldman Sachs Group Inc. has sought to purchase a portion of New World Development Co.'s loans at a discount, an indication of how one potential investor would value the debt of a builder that's become a poster child of Hong Kong's property woes....

C Capital, co-founded by former NEW WORLD DEV (00017.HK) CEO Adrian Cheng, has invested in around 15 companies through its blind pool fund.C Capital CEO Ben Cheng told Hong Kong media that seven of the abovementioned 15 companies are planning to go public next year in Hong Kong, Mainland China, or the US, including GPU company B......

Hong Kong-based Chow Tai Fook Enterprises (CTFE), the private investment holding company of the Cheng family and the parent firm of debt-ridden New World Development (NWD), has no plans to sell its prized Rosewood brand, according to sources familiar with the matter. “Rosewood has delivered exceptional results in recent years and is one of the family's most cherished luxury hotel brands,” a source said. The group's properties were operating as usual, with strategic investments in nearly 30......

Chow Tai Fook Enterprises (CTFE), the parent company of embattled Hong Kong developer New World Development (NWD), is selling Australian utility Alinta Energy to a Singapore-based group for A$6.5 billion (US$4.3 billion). Sembcorp Industries will acquire 100 per cent ownership of Alinta and its units as well as Latrobe Valley Power (LVP) and its subsidiaries from Pioneer Sail Holdings, which is owned by CTFE and Pioneer Sail Singapore, according to Sembcorp's filing with the Singapore stock......

Adrian Cheng Chi-kong, former heir apparent to Hong Kong property giant New World Development (NWD), has partnered with a Dubai royal and businessman to spruce up the retail, leisure and cultural offerings of Wafi City, one of the United Arab Emirates (UAE) city's top shopping destinations. Cheng and Dubai Sheikh Mana bin Khalifa Al Maktoum, founder and chairman of the Wafi Group, signed an agreement to set up a new entity called Wafi Anime 11 in Dubai on Wednesday, according to a statement on......

NEW WORLD DEV (00017.HK) announced that the offer to exchange part of its existing perpetual securities and notes closed at 11:59 pm New York time yesterday (2nd).Holders of existing perpetual securities totaling nearly USD2.293 billion and holders of existing notes totaling nearly USD236 million have accepted the offer.The grou......

Bloomberg has learnt that Hong Kong tycoon Henry Cheng is seeking buyers for properties in the family's luxury Rosewood Hotel Group as the billionaire clan races to overcome liquidity challenges at its real estate unit, New World Development. (Source: Bloomberg)...

Representatives of NEW WORLD DEV (00017.HK)'s Chairman, Henry Cheng, have engaged with several companies to discuss the possibility of selling some assets under Rosewood Hotel Group, Bloomberg quoted sources as saying. Rosewood Hotel Group is managed by Henry Cheng's daughter, Sonia Cheng, and is owned by the Cheng famil......

Hong Kong tycoon Henry Cheng is seeking buyers for properties in the family's luxury Rosewood Hotel Group as the billionaire clan races to overcome liquidity challenges connected to its real estate unit New World Development Co....

Hong Kong's developers have postponed property sales scheduled for Friday as the city mourns the deaths of dozens of residents in a devastating fire that broke out in Tai Po. Sino Group and New World Development announced on Thursday that the sale of 150 units at One Park Place in Yau Tong, and 63 units at the Austin Bohemian project in Tsim Sha Tsui, respectively, would be deferred. Both Sino Group and NWD did not disclose the reason for the postponement or when the sales would be......

Hong Kong developer New World Development Co., the poster child of the city's distressed property sector, received a small increase in bondholder support for its debt swap plan as a second early bird deadline closed, a filing showed....

Um den gesamten Artikel unter aastocks.com zu lesen, klicken Sie bitte auf die Überschrift...

NEW WORLD DEV (00017.HK) held its annual general meeting yesterday (20th), where resolutions were passed through voting to re-elect eight directors of the board, determine directors' remuneration, and reappoint PricewaterhouseCoopers as the auditor.Specifically, the resolution to re-elect Chairman Henry Cheng as a director r......

Distressed Hong Kong developer New World Development (NWD) has secured investor consent to swap 65 per cent of its perpetual bonds in an exchange plan by an early deadline, but still has work to do to tackle the highest debt load among builders in the city. Investors tendered US$2.09 billion of the securities by an initial early deadline of November 17, out of a potential amount of as much as US$3.2 billion, a company filing showed. The company has since extended that early deadline for......

Um den gesamten Artikel unter investing.com zu lesen, klicken Sie bitte auf die Überschrift...

NEW WORLD DEV (00017.HK) has announced the preliminary early results of its exchange offers for part of its existing perpetual securities and notes.As of the withdrawal deadline at 5 pm (New York time) yesterday (17th), holders of around USD2.09 billion in principal amount of its five guaranteed senior perpetual securities have ......