New World in Talks With Blackstone, CapitaLand for Asset Sales

Indebted HK developer New World in talks with CapitaLand, Blackstone for asset sales: Sources

New World carries the heaviest debt burden among Hong Kong developers, amid a prolonged property market downturn. Read more at straitstimes.com.

New World in Talks With Blackstone, CapitaLand for Asset Sales

New World Development Co. is in talks with several potential investors including Blackstone Inc. and CapitaLand Group Pte. as the cash-strapped Hong Kong developer seeks to dispose of assets to improve liquidity, according to people familiar with the matter.

Roundup: New World Denies Report of Talks With Blackstone - Mingtiandi

New World Development’s shares surged by up to 16 percent and dollar bonds rallied after reports of a potential $2.5 billion financing deal, leading today’s Asia real estate headlines. Also in the news, CapitaLand Ascendas REIT completed its $390 million... Read More>> The post New World Denies Financing Talks With Blackstone and More Asia Real Estate Headlines appeared first on Mingtiandi.

New World shares, bonds jump after report on financing talks

Distressed Hong Kong builder New World Development’s shares and US dollar bonds rose the most in several months after a report that the company and its controlling family are in talks for a potential financing deal for as much as US$2.5 billion.