The unexpected departure of Eric Ma cast a shadow over New World’s efforts to turn around its struggling business amid property downturns. Eric Ma, CEO of the Hong Kong billionaire Cheng family’s ...

New World Development, built by the Chengs – one of Hong Kong’s “big four” property dynasties, is now struggling with debt after years under a third-generation heir’s leadership, highlighting the ...

As distressed Hong Kong builder New World Development Co. gathers more support from banks for its targeted HK$87.5 billion ($11.1 billion) loan refinancing, a key part of the terms shows that it must ...

HONG KONG (Reuters) -New World Development's shares and bonds rallied on Monday after the major Hong Kong developer said it would increase cash flow and cut debt, but analysts said a more concrete ...

Distressed Hong Kong builder New World Development Co. has secured written commitments from all banks for a HK$87.5 billion ($11.1 billion) loan refinancing, people familiar with the matter said, ...

Nov 3 (Reuters) - Hong Kong property developer New World Development (0017.HK), opens new tab has launched a debt exchange offer of up to $1.9 billion, aiming to restructure its outstanding perpetual ...

New World Development is a leading property developer in Hong Kong and mainland China under the Cheng family, with property development and investment as core businesses. As NWD aims to raise the ...

Risk is all around us, an inherent part of life. And in the world of development, there are also risks, including war, civil disturbance and expropriation. Junaid Kamal Ahmad: When Egypt did in fact ...