Hong Kong's New World confirms talks with Deutsche Bank about loan facility

New World Development

01/09/2025 15:47

Sept 1 (Reuters) - Hong Kong property developer New World Development 0017.HK confirmed on Monday that it is in discussions about a loan facility led by Deutsche Bank AG DBKGn.DE, but denied receiving any other funding proposals.

Bloomberg News reported earlier, citing unnamed sources, that Hong Kong tycoon Henry Cheng's family was weighing a HK$10 billion ($1.28 billion) capital injection through a joint venture and seeking a partner, with Blackstone BX.N and CapitaLand among those in talks.

($1 = 7.8113 Hong Kong dollars)

 (Reporting by Shivangi Lahiri in Bengaluru
Editing by Tomasz Janowski)

 ((Shivangi.Lahiri@thomsonreuters.com;))