BEIJING/HONG KONG, Nov 15 : Hong Kong property developer New World Development on Sunday proposed a rights issue to raise about HK$24.9 billion ($3.17 billion), a company filing showed.New World Development has been trying to cut debt, dispose of assets and bolster liquidity amid tight credit conditions and a

BEIJING/HONG KONG: Hong Kong property developer New World Development on Sunday (Nov 15) proposed a rights issue to raise about HK$24.9 billion (US$3.17 billion), a company filing showed.New World Development has been trying to cut debt, dispose of assets and bolster liquidity amid tight credit conditions and

BEIJING/HONG KONG: Hong Kong property developer New World Development on Sunday (Nov 15) proposed a rights issue to raise about HK$24.9 billion (US$3.17 billion), a company filing showed.New World Development has been trying to cut debt, dispose of assets and bolster liquidity amid tight credit conditions and

Nov 13 : Hong Kong property developer New World Development has appointed banks to prepare for a rights issue that could raise as much as HK$25 billion ($3.2 billion), Bloomberg News reported on Friday, citing people familiar with the matter. Trading in New World's shares was halted on Friday pending the re

Nov 13 : Hong Kong property developer New World Development has appointed banks to prepare for a rights issue that could raise as much as HK$25 billion ($3.2 billion), Bloomberg News reported on Friday, citing people familiar with the matter. Trading in New World's shares was halted on Friday pending the re