New World Development (NWD) denied market speculation that it is conducting a liability-management exercise involving its perpetual bonds or other debt securities and seeking equity financing from investors, according to an exchange filing on Tuesday.
The Hong Kong-based property developer, which has been battling liquidity problems for the past three years, made the statement in response to media reports that said the firm was in the process of preparing for these moves.
“Shareholders, holders…
Source : South China Morning Post
Read more…Hong Kong’s NWD denies scramble to manage debt, secure financing















