{"id":133474,"date":"2022-12-29T15:01:09","date_gmt":"2022-12-29T08:01:09","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-sells-pentahotel-in-hong-kong-for-us257-million-as-it-disposes-of-non-core-assets-to-reduce-debt\/"},"modified":"2022-12-29T15:10:45","modified_gmt":"2022-12-29T08:10:45","slug":"new-world-development-sells-pentahotel-in-hong-kong-for-us257-million-as-it-disposes-of-non-core-assets-to-reduce-debt","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-sells-pentahotel-in-hong-kong-for-us257-million-as-it-disposes-of-non-core-assets-to-reduce-debt\/","title":{"rendered":"New World Development sells Pentahotel in Hong Kong for US$257 million as it disposes of non-core assets to reduce debt"},"content":{"rendered":"


\nThe 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.
\n
\nSource : South China Morning Post
\nRead more…New World Development sells Pentahotel in Hong Kong for US7 million as it disposes of non-core assets to reduce debt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The company owned by the family of billionaire Henry Cheng Kar-shun steps up its disposal...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-133474","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-yIO","jetpack-related-posts":[{"id":126683,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kaisa-vice-chairmans-bel-air-villa-is-for-sale-in-hong-kong-at-discount-as-developer-disposes-of-assets-to-raise-capital-amid-crippling-debt\/","url_meta":{"origin":133474,"position":0},"title":"Kaisa vice-chairman\u2019s Bel-Air villa is for sale in Hong Kong at discount as developer disposes of assets to raise capital amid crippling debt","date":"May 12, 2022","format":false,"excerpt":"\r Kaisa is struggling to raise cash as it faces US$11.4 billion of outstanding bonds and US$200 million of perpetual notes coming due in 2026, according to Bloomberg\u2019s data.\r \r Source : South China Morning Post\r Read more...Kaisa vice-chairman\u2019s Bel-Air villa is for sale in Hong Kong at discount as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123284,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrandes-fire-sale-continues-as-founder-hui-ka-yan-disposes-of-corporate-and-personal-assets-to-avert-defaulting-on-debt\/","url_meta":{"origin":133474,"position":1},"title":"Evergrande\u2019s fire sale continues as founder Hui Ka-yan disposes of corporate and personal assets to avert defaulting on debt","date":"November 17, 2021","format":false,"excerpt":"\r Hui Ka-yan, founder and chairman of China Evergrande Group, has stepped up the disposal of his corporate and personal assets to help the world\u2019s most indebted developer stave off defaults as the company faces US$366 million of interest payments this year.That included the Dutch electric motor maker e-Traction, sold\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143385,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-saddled-lai-sun-development-sells-stake-in-insurer-aia-groups-hong-kong-headquarters\/","url_meta":{"origin":133474,"position":2},"title":"Debt-saddled Lai Sun Development sells stake in insurer AIA Group\u2019s Hong Kong headquarters","date":"April 9, 2024","format":false,"excerpt":"\r A wholly-owned unit of Lai Sun Development Company, a Hong Kong property firm, has sold its equity stake in the AIA Central skyscraper for HK$1.42 billion (US$180 million) in a bid to boost its liquidity.\r \r Source : South China Morning Post\r Read more...Debt-saddled Lai Sun Development sells stake\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114553,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-sells-hk3-billion-stakes-in-two-shopping-malls-to-mtr-as-hong-kongs-retail-sector-reels-from-protests-coronavirus\/","url_meta":{"origin":133474,"position":3},"title":"New World Development sells HK$3 billion stakes in two shopping malls to MTR as Hong Kong\u2019s retail sector reels from protests, coronavirus","date":"February 26, 2020","format":false,"excerpt":"\r New World Development has sold its interest in two Hong Kong shopping malls to MTR Corporation, the city\u2019s sole rail operator, for HK$3 billion (US$385 million) as the local retail sector slips into a deep slump.The developer said the sale of the \u201cnon-core\u201d assets, a 50 per cent stake\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117922,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/billionaire-chairman-of-indebted-property-firm-goldin-hong-kong-shop-king-among-investors-disposing-of-assets-on-the-cheap-to-pay-debt\/","url_meta":{"origin":133474,"position":4},"title":"Billionaire chairman of indebted property firm Goldin, Hong Kong \u2018shop king\u2019 among investors disposing of assets on the cheap to pay debt","date":"July 23, 2020","format":false,"excerpt":"\r Two of Hong Kong\u2019s tycoons have joined the ranks of investors needing to raise funds to meet their debt obligations.Billionaire Pan Sutong, the chairman of the Goldin Financial Holdings, is putting his own property on the market while seeking help from his famous wealthy neighbour to survive a debt\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56090,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shui-on-land-sells-chongqing-assets-to-china-vanke-for-4-1-billion-yuan\/","url_meta":{"origin":133474,"position":5},"title":"Shui On Land sells Chongqing assets to China Vanke for 4.1 billion yuan","date":"May 27, 2017","format":false,"excerpt":"\r Shui On Land, the property developer founded by tycoon Vincent Lo Hong-sui, has sold one of its largest mixed commercial projects in mainland China for 4.1 billion yuan (US$596.3 million). In a statement to the Hong Kong stock exchange on Friday night, Shui On said it would reap a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/133474"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=133474"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/133474\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=133474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=133474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=133474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}