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New World Development ( (HK:0017) ) has issued an update.
New World Development Company Limited announced the successful refinancing of its existing offshore unsecured financial indebtedness, amounting to approximately HK$88.2 billion, through a new term loan facility and aligned bank facilities. This strategic move provides the company with enhanced financial flexibility to manage its business and financial needs, potentially strengthening its position in the market and offering reassurance to stakeholders.
The most recent analyst rating on (HK:0017) stock is a Sell with a HK$6.50 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
New World Development Company Limited is a conglomerate based in Hong Kong, primarily engaged in property development, infrastructure, and services. The company focuses on creating sustainable and innovative urban spaces, contributing significantly to the real estate and infrastructure sectors.
YTD Price Performance: 10.66%
Average Trading Volume: 13,846,498
Technical Sentiment Signal: Sell
Current Market Cap: HK$14.37B
For a thorough assessment of 0017 stock, go to TipRanks’ Stock Analysis page.