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New World Development ( (HK:0017) ) has shared an update.
New World Development, through its subsidiaries CS Treasury Management Services (P) Limited and CS Treasury Management Services (B) Limited, has announced the preliminary early results and extension of the Early Exchange Consideration for its exchange offers. The company aims to achieve significant deleveraging by reducing its outstanding perpetual securities and senior notes by approximately U.S.$1.02 billion and U.S.$29.9 million, respectively. This move is expected to improve the company’s debt maturity profile, enhance balance sheet flexibility and liquidity, and strengthen its overall financial position.
The most recent analyst rating on (HK:0017) stock is a Hold with a HK$7.00 price target. To see the full list of analyst forecasts on New World Development stock, see the HK:0017 Stock Forecast page.
More about New World Development
Average Trading Volume: 15,528,841
Technical Sentiment Signal: Hold
Current Market Cap: HK$19.18B
Learn more about 0017 stock on TipRanks’ Stock Analysis page.