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NWD Speeding Up Asset Sales After Reaching Financing Deal: Wire
NEW WORLD DEV (00017.HK) is reportedly set to sell its property projects in China, including landmark buildings such as the K11 buildings in Hangzhou, Shenzhen, and Shanghai.As Blo...
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NEW WORLD DEV (00017.HK)  -0.090 (-1.622%)    Short selling $2.13M; Ratio 9.063%   is reportedly set to sell its property projects in China, including landmark buildings such as the K11 buildings in Hangzhou, Shenzhen, and Shanghai.

As Bloomberg learned from sources familiar with the matter, NEW WORLD DEV is speeding up asset sales as part of its loan refinancing agreement with banks. The group is said to prefer buyers who can make swift decisions and provide immediate cash, such as investment funds and private enterprises.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.)

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