New City Development Group Issues One-Year RMB-Denominated Note at 4% Interest

Reuters

Feb 15

New City Development Group Issues One-Year RMB-Denominated Note at 4% Interest

New City Development Group Ltd. has announced the issuance of a RMB-denominated note with a one-year term and an annual interest rate of 4%. The note will be granted to Guangdong Changna and its partners or their nominees as part of a settlement related to land acquisition and demolition compensation. The company is currently in discussions regarding the payment method and schedule, and the issuance is being arranged in compliance with relevant laws and regulations in Hong Kong and Mainland China. The value of the issuance was not specified in the announcement.

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 City Development Group Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260215-12025428), on February 15, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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