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NWD Nearing Deal on HKD87.5B Loan Refinancing Plan: Wire
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NEW WORLD DEV (00017.HK) is close to reaching an agreement on an HKD87.5 billion loan refinancing plan and has received preliminary consent for the plan from all lending institutions, including banks that previously opposed it, Bloomberg reported, citing sources. It is understood that a few banks are still drafting formal written commitments. NWD aims to secure full consent from more than 50 existing lending banks before June 30 as the refinancing plan may fall through without written consent. AAStocks Financial News |
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