Shares of New World Development surged on Wednesday after the cash-strapped Hong Kong property developer closed an HK$88.2 ...

By Rishav Chatterjee (Reuters) -Hong Kong builder New World Development said on Monday it had received commitments for a ...

HONG KONG (Reuters) -Shares of New World Development jumped as much as 11% in early trading on Wednesday, after the Hong Kong ...

Cheng tendered his resignation as a non-executive director and non-executive vice-chairman of New World with effect from July ...

Hong Kong builder New World Development said on Monday it had received commitments for a HK$88.2 billion ($11.24 billion) loan refinancing package, as the property developer finalises a crucial ...

Bloomberg’s Hong Kong reporters followed the refinancing of New World amid a wave of property distress. We also have news on ...

The sale comes on the heels of New World Development's recently concluded $11.2 billion debt refinancing deal, providing a reprieve to the cash-strapped Hong Kong-based developer.

New World Development borrowed money for projects that people inside and outside the company have characterised as ...

The Hong Kong government has released its Policy Statement 2.0 on the Development of Digital Assets in the country.

Cheng will "devote more time on public services and other personal commitments," the company wrote in a filing.

After a year of turmoil for the Cheng family, New World Development is trying to refinance $11 billion. Bloomberg Originals ...