The founding of Almad Group marks a fresh chapter for Cheng, who had been seen as the heir apparent to Hong Kong’s third richest family until he stepped down as New World CEO. Adrian Cheng, the ...

Hong Kong property developer New World Development has launched a debt exchange offer of up to $1.9 billion, aiming to restructure its outstanding perpetual securities, it said in an exchange filing ...

Sept 25 (Reuters) - Hong Kong property developer New World Development (0017.HK), opens new tab said on Thursday it had secured a term loan facility of up to HK$5.9 billion ($758.62 million) from ...