(Reuters) -Hong Kong property developer New World Development said on Friday it would defer coupon payments scheduled for ...

For decades, Hong ... office towers are reeling from overcapacity. At least HK$2.1 trillion has been erased from real estate values in the city between 2019 and the middle of last year, according to ...

The Chengs, with a fortune estimated at US$19.5 billion, are Hong Kong’s third-richest clan and one of its “big four” property families, but they have grappled with succession challenges in recent ...

The developer wants to refinance $11 bln of loans but CEO Echo Huang has yet to reverse a 4-year revenue slump. Lenders ...

Cheng was the third-generation heir of the founding family, known to be one of Hong Kong’s wealthiest clans. New World reported an annual loss attributable to shareholders of HK$19.7 billion ...

HONG KONG (Reuters) -New World Development, one of the biggest property developers in Hong Kong, reported an interim net loss of HK$6.63 billion ($852.45 million) on Friday, following a prolonged ...

Shares of property group New World Development soared as much as 24 per cent on Friday after the third-generation scion of one of Hong Kong’s wealthiest families stepped down as chief executive.

[HONG KONG] Hong Kong developer New World Development has proposed using one of its most valuable assets ... That collateral package included the company’s headquarters, New World Tower in Hong Kong’s ...

New World has one of the highest debt-to-equity ratios among Hong Kong's property developers, and its plan to cut debt has been closely watched over the past year. While Hong Kong has not seen the ...

Cheng Yu-tung's family is one of the ... family's company, New World Development, oversees about 41.5 million square feet of property — more than all of Central Park — in Hong Kong, Asia's ...