New World Development Drops After Company to Defer Coupon Payments

New World Development drops after company to defer coupon payments

HONG KONG :Shares of New World Development dropped as much as 9.8 per cent after the Hong Kong property developer said it would defer coupon payments scheduled for June on perpetual bonds, casting further liquidity concerns for the cash-strapped firm.The shares fell to HK$4.32 ($0.5508) each, their lowest sin

New World Development Surprises Investors with Deferred Bond Payments, Sparking Sharp Sell-Off - YT FINANCE

The post New World Development Surprises Investors with Deferred Bond Payments, Sparking Sharp Sell-Off appeared first on YT FINANCE.

Hong Kong’s New World Delays Bond Payments Due This Month - Mingtiandi

China’s real estate crisis isn’t confined to the mainland anymore, with top-five Hong Kong builder New World Development announcing late Friday that it will defer payments on four sets of bonds due this month. The decision to forgo paying $77... Read More>> The post Hong Kong’s New World Delays Bond Payments Amid Struggle with $27B in Liabilities appeared first on Mingtiandi.