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

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 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) -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 ...

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 ...

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 (OTCPK:NDVLY) is reportedly looking for more banks to join an up to HK$15.6 billion ($2 billion) loan backed by its key asset, Victoria Dockside, as the cash-strapped company ...

New World has joint ventures in developing residential projects in Kai Tak, as well as the development and operation of a sports complex in the vicinity. We expect the current dynamics to remain in ...

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 ...