Financial circles in Hong Kong are experiencing heightened tension as New World Development Co. races against time to secure a HK$87.5 billion ($11.2 billion) refinancing package before the end of the ...
In the rarefied world of the Cheng family, one of the wealthiest clans in Hong Kong, staff spoke of the unwritten rule: Never say no to the boss. So lieutenants were hesitant to disagree when the ...
New World Development's K11 Musea shopping mall, part of the company's flagship Victoria Dockside development in Hong Kong's Tsim Sha Tsui district. Shares of New World Development, controlled by Hong ...
HONG KONG, May 21 (Reuters Breakingviews) - HSBC (HSBA.L), opens new tab and its fellow lenders have a task ahead of them with New World Development (0017.HK), opens new tab. The money-losing Hong ...
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From prosperity to debt: How New World Development, led by Hong Kong’s billionaire Cheng family, became warning tale of succession
New World Development, built by the Chengs – one of Hong Kong’s “big four” property dynasties, is now struggling with debt ...
HONG KONG (Reuters) -As valuations fall and banks pare exposure, some private credit firms are stepping in to invest in large commercial properties and developers in Hong Kong with plans for new fund ...
As Kuwait pursues its Vision 2035 to diversify its economy and develop into a regional financial and innovation hub, Hong ...
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