Hong Kong's New World Development to reduce $1.3 billion of its debt after early bond swap

Embattled New World Development said on Tuesday it expected $1.3 billion of its debt, majority of it being perpetual bonds, ...

‘Unchallenged’: The World’s Best-Selling EVs Are Still American. But There's A Problem

The Tesla Model Y and Model 3 are still global favorites. But Chinese electric vehicles and plug-in hybrids dominate the rest ...
Reuters

Hong Kong's New World to sell shopping mall to Chinachem for $514 mln

HONG KONG, March 1 (Reuters) - Hong Kong property developer New World Development (0017.HK), opens new tab agreed to sell a local shopping mall with 1,000 parking spaces for HK$4.02 billion ($514 ...

How Hong Kong Property Giant New World Ran Into Trouble

Once a symbol of Hong Kong’s property-fueled prosperity, New World Development Co. has become one of its most visible casualties. After years of easy credit and unabated expansion, the property giant ...