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NWD Opens 7% Higher on Securing HKD88.2B Bank Financing Deal
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NEW WORLD DEV (00017.HK) has reached a new bank financing agreement covering HKD88.2 billion in existing overseas unsecured financial debt. The company opened 7.02% higher today and once climbed to a peak of HKD6.25. It last traded at HKD6.24, up 9.47%, with a volume of 15.4626 million shares, involving HKD94.0657 million. According to NEW WORLD DEV, the new bank financing and the unified bank financing terms offer greater flexibility, which will help the company better manage its anticipated ongoing business and financial needs. The new bank financing also includes multiple bank loans with different maturities, the earliest of which is due on June 30, 2028. AAStocks Financial News |
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