Changes in Hong Kong stocks | New World Development (00017) opened more than 7% and signed a new bank financing agreement covering approximately HK$88.2 billion in existing overseas debt

The Zhitong Finance App learned that New World Development (00017) opened more than 7% higher. As of press release, it had risen 7.02% to HK$6.1, with a turnover of HK$16.9153 million.

According to the news, New World Development announced that on June 30, 2025, the Group successfully signed a new refinancing term loan financing agreement (new bank financing) with relevant bank creditors through the company and relevant group member companies, refinancing some of the Group's existing overseas unsecured financial debts (including bank loans); and coordinated the Group's other overseas unsecured bank loans to ensure unification with the new bank's financing terms (via unified bank financing). The combined financing of the new bank and financing through the Unified Bank covered the Group's existing overseas unsecured financial debt of approximately HK$88.2 billion.

The terms of new bank financing and unified bank financing (including financial commitments and pledge rights to grant certain assets to the Group) provide the Group with greater flexibility and help the Group to better manage its anticipated continuing business and financial needs.

New bank financing includes a number of bank loans of varying maturity, with the earliest maturity date of June 30, 2028.