Nikkei: New World Development proposes HK$24.9 billion rights issue to repay loans and project financing
According to Nikkei Asia, New World Development proposed on Sunday to inject HK$24.9 billion in new capital—approximately $3.2 billion—through a rights issue, intended for the early repayment and settlement of loans as well as funding for subsequent projects. The report noted that prior negotiations with potential investors failed to yield results, and the rights issue remains a proposal rather than a completed financing.
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