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New World Development sells Pentahotel in Hong Kong for US$257 million as it disposes of non-core assets to reduce debt


The company owned by the family of billionaire Henry Cheng Kar-shun steps up its disposal of non-core assets to reduce its debt load amid high interest rates and slumping property sales.

Source : South China Morning Post
Read more…New World Development sells Pentahotel in Hong Kong for US7 million as it disposes of non-core assets to reduce debt

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