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NEW WORLD DEV Opens 2.7% Higher as Participating Lending Banks Reportedly Initially Agree to $87.5B Refinancing Plan
Recommend 9 Positive 26 Negative 12 |
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NEW WORLD DEV (00017.HK) opened 2.74% higher at $5.99. Trading volume was 1.278 million shares, involving $7.655 million. NEW WORLD DEV has received written commitments from all participating lending banks, initially agreeing to its $87.5 billion refinancing plan, according to Bloomberg. The transaction requires final approval procedures to be completed by next Monday (30th), failing which will lead to the release of collateral and invalidation of bank commitments. It is reported that banks are currently in the final stage of signing loan documents, and the related process is expected to be completed swiftly. AASTOCKS Financial News Website: www.aastocks.com |
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