Sept 1 (Reuters) - Hong Kong property developer New
World Development ( NWWDF ) confirmed on Monday that it is in
discussions about a loan facility led by Deutsche Bank AG
, 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 and
CapitaLand among those in talks.
($1 = 7.8113 Hong Kong dollars)