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NWD Seeks Waiver from Banks for Breaching Loan Financial Covenants: Report
Recommend 24 Positive 16 Negative 45 |
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NEW WORLD DEV (00017.HK) recently sent a letter to banks seeking a waiver for breaching financial covenants due to a net debt-to-asset ratio exceeding 100%, according to a Debtwire report cited by Hong Kong Economic Journal. After plummeting by 6.1% yesterday (16th), NEW WORLD DEV continued to drop by 2.4% this morning (17th), hitting a more than 20-year low of $5.58 before the decline slowed. It last printed at $5.69, down 0.524%, on a turnover of around $30.9 million. AAStocks Financial News |
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