Shares of New World Development set to open up 7%

Reuters

07/02

HONG KONG, July 2 (Reuters) - Shares of New World Development 0017.HK were set to open 7% higher on Wednesday, after the Hong Kong major property developer said it had received commitments for a HK$88.2 billion ($11.24 billion) loan refinancing package in a crucial lifeline.

(Reporting by Clare Jim; Editing by Jacqueline Wong)

((clare.jim@thomsonreuters.com;))

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