26.0% chaos · simmering
money panic
1 sources
Hong Kong’s New World Clan Bets on Property Rebound for Lifeline
What happened
Unwilling to cede control over New World Development Co., Hong Kong’s billionaire Cheng family is now betting on the revival of the city’s property market and mulling options like a public share sale to meet the embattled developer’s debt obligations.
Why people care
Reported by Bloomberg.
Sources
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