According to the South China Morning Post, New World Development plans to raise funds through a rights issue of 11 new shares for every 1 existing share, with a subscription price of HK$0.90 per share. This represents a discount of approximately 81.5% to Thursday's closing price of HK$4.87 as cited in the report. The company intends to raise HK$24.9 billion (approx. $3.2 billion), with the plan backed by the controlling Cheng family. The report outlines proposed terms for the rights issue rather than the completion of the financing.