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| HSI1 | 24,557.04 | +108.09 | 178.17B |
| HSCEI1 | 8,265.81 | +5.66 | 57.75B |
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Report: CTFE In Pursuit of HKD5B in New Funding from Banks
2026-11-10 15:42:48 Chow Tai Fook Enterprises (CTFE), the major shareholder of NEW WORLD DEV (00017.HK), is in pursuit of around HKD5 billion in new funding from banks for general corporate purposes, Bloomberg, citing people familiar with the matter, reported. The financing would purportedly provide a liquidity buffer if Chow Tai Fook Enterprises decides to carry out a blanket capital restructuring for NEW WORLD DEV. Sources said the new loan for Chow Tai Fook Enterprises could be signed as early as this month, although details are still under discussion. NEW WORLD DEV has been negotiating with banks to extend the maturity of HKD88 billion in loans by two years. The company plans to repay 10% of the loan principal as part of the extension plan, with a target to complete the process before January 2027. NEW WORLD DEV opened flat today and last quoted at HKD5.08, up 0.59%, with turnover of 15.6 million shares involving HKD78.4099 million. ~ AASTOCKS Financial News Website: www.aastocks.com | |