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New World in Talks With Some Banks to Extend $11.2 Billion Loan

New World Development Co. is in preliminary discussions with some banks to extend an about HK$88 billion ($11.2 billion)...

By Dhallo News · October 16, 2026 at 1:53 PM IST

New World Development Co. is in preliminary discussions with some banks to extend an about HK$88 billion ($11.2 billion) loan by two years, according to people familiar with the matter, a move that could pave the way for a capital injection for the cash-strapped Hong Kong builder.

SOURCE: Bloomberg Markets
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