As distressed Hong Kong builder New World Development Co. gathers more support from banks for its targeted HK$87.5 billion ($11.1 billion) loan refinancing, a key part of the terms shows that it ...

New World Development Co. is seeking to sell its flagship 11 Skies mall to address liquidity constraints, according to people familiar with the matter.

A high-profile default of New World Development (0017.HK) would inflict a wave of pain on the Asian hub, echoing the crisis China Evergrande’s (3333.HK) default precipitated across the border.

The sale comes on the heels of New World Development's recently concluded $11.2 billion debt refinancing deal, providing a reprieve to the cash-strapped Hong Kong-based developer.

HONG KONG, Aug 7 (Reuters) - Shares and bonds of Hong Kong property developer New World Development (0017.HK), opens new tab surged on Thursday after a media report on a potential take-private ...

New World Development (OTCPK:NDVLY), a prominent Hong Kong property developer under financial strain, faces a pivotal moment Monday as a $5.05 million interest payment comes due on a dollar ...