New World Development Secures HK$88.2 Billion Bank Facility to Reduce Indebtedness and Enhance Cash Flow

Reuters

2025/06/30

New World Development Secures HK$88.2 Billion Bank Facility to Reduce Indebtedness and Enhance Cash Flow

New World Development Co. Ltd. has successfully completed a financial arrangement that involves a New Bank Facility and Aligned Bank Facilities, collectively addressing approximately HK$88.2 billion of its existing unsecured offshore financial indebtedness. This significant move reflects the confidence and support of the banking community in the company's operations. Executive Director and CEO Ms. Echo Huang emphasized the Group's commitment to reducing indebtedness and enhancing cash flow, while extending gratitude to both the financial institutions involved and the dedicated New World Development team. This strategic financial management initiative is part of the company's ongoing efforts to ensure steady development and fiscal stability.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New World Development Co. Ltd. published the original content used to generate this news brief on June 30, 2025, and is solely responsible for the information contained therein.

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