Adrian Cheng’s resignation marks turning point for New World Development
Inside Retail
OCTOBER 2, 2024
It was unfortunate that the K11 revamp coincided with Covid-19 and the change in consumer spending patterns, which has worsened the repayment pressure due to the high leverage.” According to Bloomberg Intelligence, New World Development has the highest debt level among its rivals in the past few years, with net debt to equity reaching 82.7
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