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South China Morning Post: 14 bonds guaranteed by New World Development have also been suspended from trading pending an announcement
According to the South China Morning Post, citing HKEX filings, trading in New World Development shares and 14 bonds issued by its wholly-owned subsidiary and guaranteed by the company was suspended on Friday at 9:00 a.m. pending an announcement. The company's shares closed at HK$4.87 in the previous trading session. While the share suspension had been reported previously, this update expands the suspension to include the bonds, and there are currently no reports of any completed rescue transactions.
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