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New World Development ( (HK:0017) ) just unveiled an announcement.
New World Development Company Limited has entered into a facility agreement with Deutsche Bank AG for a term loan facility of up to HKD 5.9 billion, with an initial committed tranche of HKD 3.95 billion. This financing is secured by a first-ranking mortgage over the Victoria Dockside property, allowing the company to continue its ordinary course financing activities while retaining the ability to leverage Victoria Dockside for additional financing. Stakeholders are advised to rely on official company announcements and exercise caution when dealing with the company’s securities.
The most recent analyst rating on (HK:0017) stock is a Hold with a HK$6.50 price target. To see the full list of analyst forecasts on New World Development stock, see the HK:0017 Stock Forecast page.
More about New World Development
New World Development Company Limited is a Hong Kong-based company involved in property development, infrastructure, and services. The company focuses on creating large-scale mixed-use developments and is known for its innovative projects such as Victoria Dockside.
Average Trading Volume: 23,281,696
Technical Sentiment Signal: Buy
Current Market Cap: HK$19.76B
See more insights into 0017 stock on TipRanks’ Stock Analysis page.