Market Chatter: New World Development in Talks for Two-Year Extension on HK$88 Billion Loan

MT Newswires Live10-16

New World Development (HKEX:0017) is looking for a two-year extension on an HK$88 billion loan obtained in 2025, Bloomberg reported Friday citing people with knowledge of the matter.

The property company is currently discussing the matter with certain banks, the people reportedly said.

The company is also looking to launch a rights issue, for which it would need approval from the lenders to extend the loan.

New World Development did not immediately respond to MT Newswires' request for a comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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