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 ...

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 ...

The latest update is out from New World Development ( (HK:0017) ).

HONG KONG (Reuters) -Embattled New World Development said on Tuesday it expected $1.3 billion of its debt, majority of it being perpetual bonds, to be cut after setting an early deadline for its ...

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 ...

New World Development Company Limited successfully passed all resolutions at its annual general meeting held on November 21, 2024, with strong shareholder support. Key decisions included the ...

Amazon this week in a message sent to staff announced it is laying off 14,000 corporate jobs that includes "significant" cuts to its video game business. Amazon Games has now officially confirmed it ...

Hong Kong's K11 Musea building, a New World Development project - Copyright AFP ISAAC LAWRENCE Hong Kong's K11 Musea building, a New World Development project ...

New World Development (HK:0017) has released an update. New World Development Company Limited has announced its board of directors, highlighting the roles of key executives and their responsibilities ...

New World Development Co. will issue up to $1.9 billion of new debt in an exchange offer for some of its outstanding notes that includes as much as a 50% haircut for perpetual bond holders. The ...