Shares of New World Development jump after it vows to raise cashflow, cut debt
FILE PHOTO: A man walks past the headquarters of New World Development at New World Tower, in Hong Kong, China September 27, 2024. REUTERS/Tyrone Siu/File Photo
HONG KONG : Shares of New World Development rose more than 6 per cent in early trading on Monday after the Hong Kong major developer said it would increase cashflow and cut debt as it reported an interim net loss of HK$6.63 billion ($852.63 million).
($1 = 7.7759 Hong Kong dollars)
Source: Reuters
