Tag: us$3.2 billion
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New World Development proposes US$3.2 billion rights issue
BEIJING/HONG KONG: Hong Kong property developer New World Development on Sunday (Nov 15) proposed a rights issue to raise about HK$24.9 billion (US$3.17 billion), a company filing showed.New World Development has been trying to cut debt, dispose of assets and bolster liquidity amid tight credit conditions and
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