NEW WORLD DEV: No Capital Injection Proposal Received from Major Shareholder Yet
Deep News
Sep 26
Earlier market speculation suggested that the Cheng family, the controlling shareholder of NEW WORLD DEV, was considering injecting capital into the company as early as year-end.
Currently, NEW WORLD DEV's refinancing scale stands at HK$88.2 billion. The company stated that the refinancing has strengthened the group's financial position, extending the earliest debt maturity to three years from now, providing the group with time for medium to long-term development.
Yesterday, the company announced securing an additional HK$3.95 billion in financing arranged by Deutsche Bank. The company indicated that the scale can be further increased as needed.
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