Founded in 1970 by billionaire Cheng Yu-Tung, New World helped define Hong Kong’s skyline with landmarks such as Victoria Dockside and 11 Skies. But high interest rates, a housing glut, and China’s ...
Beleaguered Hong Kong property developer New World secured a HK$88.2 billion ($11.2 billion) loan on June 30, in an eleventh-hour deal that will have bankers across the city breathing a collective ...
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