Latest news with #cashstrapped
CNA
5 hours ago
- Business
- CNA
New World Development drops after company to defer coupon payments
HONG KONG :Shares of New World Development dropped as much as 9.8 per cent after the Hong Kong property developer said it would defer coupon payments scheduled for June on perpetual bonds, casting further liquidity concerns for the cash-strapped firm. The shares fell to HK$4.32 ($0.5508) each, their lowest since April 9. That compared to a 1.9 per cent fall in benchmark Hang Seng Index. ($1 = 7.8428 Hong Kong dollars)
Bloomberg
3 days ago
- Business
- Bloomberg
New World Development Defers Perpetual Bond Coupon Payments
By and Pearl Liu Updated on Save New World Development Co. said that it plans to defer coupon payments due in June on perpetual bonds, as a deadline neared for the cash-strapped builder to notify holders of its decision. The company said it has notified all holders of two perpetual securities with scheduled coupon payments on June 9 and June 10 that it has elected a deferral, according to a Friday filing to the Hong Kong Stock Exchange. It added that it intends to defer payments on two other bonds originally scheduled later next month.
Bloomberg
09-05-2025
- Business
- Bloomberg
Global Chaos a Boon for African Gold Miners With Shovels
By and Godfrey Marawanyika Save Welcome to Next Africa, a twice-weekly newsletter on where the continent stands now — and where it's headed. Sign up here to have it delivered to your email. Gold's rally may well be the silver lining for some of Africa's most cash-strapped nations.
