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Hong Kong's New World confirms talks with Deutsche Bank about loan facility
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Hong Kong's New World confirms talks with Deutsche Bank about loan facility
Sep 1, 2025 8:16 AM

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)

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