New World's $11 Billion Refinancing Gambit

By Apple Ka Ying Li, Trista Xinyi Luo, and Pearl Liu

June 13, 2025 at 3:13 PM GMT+8

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 must get 100% in commitments, or the deal will fall through.

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