New World Development Completes HK$88.2 Billion New Bank Facility and Aligned Bank Facilities
New World Development Company Limited (“New World Development” or the “Group”; Hong Kong stock code: 00017) announces the successful completion of the New Bank Facility and the Aligned Bank Facilities, which together cover approximately HK$88.2 billion of the Group’s existing unsecured offshore financial indebtedness.
Ms. Echo Huang, Executive Director and Chief Executive Officer of New World Development, said, “We would like to express our sincere gratitude to the banking community for their continued support. This is a testament to the confidence placed in our operation.”
She added that the Group’s financial management strategy is to prioritise on reducing indebtedness and improving cash flow. The Group will continue to implement treasury management strategies and adhere to its existing financial obligations.
Ms. Huang also extends her thanks to the New World Development team for their dedication and unity. “Looking ahead, our team will continue to strive for the Company’s steady development together”, she added.