(Bloomberg) -- Signs of credit stress are mounting at New World Development Co. as the Hong Kong real estate developer pledges some of its most-prized assets for loans and brokers pull back from ...
Jan 20 (Reuters) - Hong Kong property developer New World Development (0017.HK), opens new tab said on Monday it had not started any discussions with creditors regarding a proposal to restructure ...
New World, controlled by the family of Hong Kong tycoon Henry Cheng, has offered properties valued at $15 billion as collateral for loan refinancing, people familiar with the matter said.