New World group seeks $2 billion from rights issues

New World Development aims to raise HK$11.3 billion from a November rights issue and will also underwrite a HK$4.29 billion rights offering for New World China Land in December.

<div style="text-align: left;"> Managing director Henry Cheng at the company's annual results announcement </div>

Anette Jönsson

October 19, 2011

New World Development and its 69%-owned subsidiary, New World China Land, have announced plans to raise a combined HK$15.6 billion ($2 billion) from two separate rights issues in November and December.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.