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New World Development offers US$1.9 billion debt swap to boost liquidity

Heavily indebted New World Development (NWD) has launched exchange offers for US$1.9 billion of its outstanding perpetual securities and notes…

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New Business

New World CEO Huang has task cut out to set Hong Kong developer’s house in order

The “unexpected” appointment of Echo Huang Shaomei as the new CEO of New World Development (NWD) has raised concerns about…

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