FILE PHOTO: A general view of developer New World Development's office tower, K11 Atelier King's Road, in North Point of Hong Kong, China February 2, 2023. REUTERS/Clare Jim/File Photo
13 Nov 2026 10:04AM
Nov 13 : Hong Kong property developer New World Development has appointed banks to prepare for a rights issue that could raise as much as HK$25 billion ($3.19 billion), Bloomberg News reported on Friday, citing people familiar with the matter.
Trading in New World's shares was halted on Friday pending the release of inside information by the company, according to a pre-market filing to the Hong Kong exchange.
($1 = 7.8442 Hong Kong dollars)
Source: Reuters
Source: CNA
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