NEW WORLD DEVELOPMENT Aktie

 

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....

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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......

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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 ......

AC Group, under former CEO of NEW WORLD DEV (00017.HK) Adrian Cheng, established a Middle East branch named K11 by AC Management Consultancy (Middle East) Limited, envisioned to make its foray into the Middle East market, Ming Pao reported. K11 by AC is now engaged in project commercial management in Mainland China, managing K11......

NEW WORLD DEV (00017.HK) recently launched a bond exchange program proposing to issue up to US$1.9 billion of new bonds to replace part of the outstanding old bonds, with an initial deadline set for next Monday (17th). NEW WORLD DEV's executives have been working very hard over the past two weeks to persuade investors, tryin......

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Talks between the billionaire Cheng family and potential investors in New World Development Co. are stalling, underscoring the challenges facing the indebted company as it seeks to secure much-needed funding....

Once a symbol of Hong Kong's property-fueled prosperity, New World Development Co. has become one of its most visible casualties. After years of easy credit and unabated expansion, the property giant – once among the most deep-pocketed in the city – is facing a financial reckoning....

NEW WORLD DEV (00017.HK) informed some creditors during a meeting this week that there is not much room for improvement in the terms of the debt swap, which, as previously announced, involves the issuance of new perpetual bonds and notes totaling up to USD1.9 billion, Bloomberg reported, citing sources.Meanwhile, some creditors ......

New World Development Co. told some creditors during meetings this week that there's not much room to sweeten the terms of its $1.9 billion debt swap proposal, according to people familiar with the matter....

NEW WORLD DEV (00017.HK) announced a US$1.9 billion debt exchange offer, with newly issued perpetual capital securities (PCS) amounting to up to US$1.6 billion at a coupon rate of 9% and newly issued US$300 million notes at a coupon rate of 7%, maturing in 2031, according to Morgan Stanley's research report. The broker estim......

NEW WORLD DEV (00017.HK) announced the launch of a US$1.9 billion debt exchange offer, according to UBS' research report. Pursuant to the announcement, NEW WORLD DEV will issue up to US$1.6 billion in new perpetual capital securities and US$300 million in new notes to replace their respective existing securities.UBS believed......

New World Development Co. and China Vanke Co., two of the most closely watched distressed Chinese property names, are again forcing investors to reckon with the fallout from the country's real estate crisis....

Heavily indebted New World Development (NWD) has launched exchange offers for US$1.9 billion of its outstanding perpetual securities and notes to optimise its debt profile, enhance its liquidity and improve its financial position amid a challenging property market. The exchange offers covered a series of existing instruments, including perpetual securities issued by NWD Finance and notes issued by NWD (MTN) and New World China Land, which were guaranteed by NWD, according to a filing to the Hong......