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NWD Sinks Another 3%+ to Hit 20-Yr+ Low, Reaffirming Full Compliance with Disclosure Requirements
Recommend 8 Positive 11 Negative 16 |
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NEW WORLD DEV (00017.HK) has fallen for the seventh consecutive trading day. It opened 0.76% lower today (19th) and hit as low as $5.06, marking at least a 20-year low. It last printed at $5.1, down 3.23%, on a volume of 3.311 million shares, involving $16.986 million. It is rumored that NEW WORLD DEV recently sent a letter to banks seeking a waiver for breaching financial covenants due to a net debt-to-asset ratio exceeding 100%. NEW WORLD DEV responded last night (18th). Aware of some false speculations and rumors circulating online about the company, NEW WORLD DEV reaffirmed that it will fully comply with all disclosure requirements and provide timely and appropriate information to investors and shareholders. AAStocks Financial News |
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