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NWD's HKD87.5B Refinancing Terms Require 100% Bank Support
NEW WORLD DEV (00017.HK) is seeking HKD87.5 billion refinancing loans from banks, 87% of which has already received written commitments from banks, Bloomberg reported, citing sourc...
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NWD's HKD87.5B Refinancing Terms Require 100% Bank Support
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NEW WORLD DEV (00017.HK)  -0.230 (-4.014%)    Short selling $22.40M; Ratio 17.648%   is seeking HKD87.5 billion refinancing loans from banks, 87% of which has already received written commitments from banks, Bloomberg reported, citing sources. It is understood that, however, there is a clause indicating that the company must obtain 100% commitment, otherwise the transaction will be canceled.

If NWD fails to gather 100% support by June 30, all collateral will be released and bank commitments will be canceled, according to internal documents.

Related NewsJPM: NWD's HKD88.2B Financing Deal in Line, But Liquidity Pressure Remains
NWD needs to obtain consent from more than 50 banks to waive certain conditions of existing loans. If the group fails to complete it by June 30, banks may require immediate repayment of part of the existing loans.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-04 16:25.)

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