After a year of turmoil for the Cheng family, New World Development is trying to refinance $11 billion. Bloomberg Originals explores how it all happened.
New World gets 100% lender approval for HK$87.5 bil refinancing
New World’s refinancing — which would be one of the largest of its kind ever in Hong Kong — marks the end of months-long negotiations for a debt package that would pull it from the brink of default.
The Hong Kong property developer rushing to refinance billions of dollars in loans
New World Development borrowed money for projects that people inside and outside the company have characterised as “aggressive”. They include a HK$20bn (US$2.6bn) retail and office space near Hong …
Philippines, Hong Kong working on customs cooperation agreement vs illicit trade
The governments of the Philippines and Hong Kong are completing a Customs cooperative arrangement aimed at addressing illicit trade. In a statement, the Department of Finance (DOF) is moving toward …
Philippines, Hong Kong working on customs cooperation agreement vs illicit trade
The governments of the Philippines and Hong Kong are completing a Customs cooperative arrangement aimed at addressing illicit trade. In a statement, the Department of Finance (DOF) is moving toward …
China Market Update: Six Agencies Announce “Financial Support To Boost & Expand Consumption”
Asian equities cheered the confirmation of the de-escalation in the Middle East and a potential July US interest rate cut, led by Hong Kong, Mainland China, and Taiwan.
Macau Hotel Conceived by Bling Empire Mogul Sold for $76 Million
A luxury hotel in Macau envisioned by Hong Kong tycoon Stephen Hung has been sold at discount to a local investor.
Hong Kong tops global list for priciest homes despite property slump: Deutsche Bank
Prime property prices of US$25,946 per square metre push Hong Kong above Zurich, Singapore and New York: Mapping the World’s Prices report.
Hong Kong developer sought loans backed by Picasso, Warhol art
HONG KONG] A Hong Kong property dynasty that became one of the city’s most prolific collectors is discovering the limits of the burgeoning world of art-backed lending. Read more at The Business Times.
Oil prices drop sharply, and stocks rally worldwide after announcement of Israel-Iran ceasefire
In stock markets abroad, indexes rallied more than 1% everywhere from France to Germany to Japan following the announcement of the Israel-Iran ceasefire. Hong Kong’s jump of 2.1% and South Korea’s …