The potential sale of a stake in New World Development (NWD) to new investors will help the embattled Hong Kong-listed developer improve its balance sheet and liquidity, benefiting creditors and shareholders alike, according to analysts.
It was reported earlier that New York-based private equity giant Blackstone was interested in investing in NWD, which could take the form of “shareholder loans or direct equity financing, as well as offloading noncore investment properties”, said Jeff Zhang, an…
Source : South China Morning Post
Read more…NWD shares jump after market views likely stake sale to new investor as positive















