Hong Kong's New World Development says business 'as usual' amid Bloomberg's coverage of potential default By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 23 2025
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Source: Investing.com
Potential Bond Default Speculation: New World Development in Hong Kong faces speculation of a bond default as PJT Partners discusses options with its dollar bondholders, despite the company asserting it is operating normally and has not initiated debt restructuring talks.
High Debt and Leadership Changes: The property developer holds significant debt of HK$199 billion, having refinanced only a small portion recently, while also experiencing executive turnover with multiple leadership changes in a short period.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
