Jan 21 (Reuters) - UBS Group has halted

accepting certain bonds and shares of Hong Kong property

developer New World Development ( NWWDF ) as collateral for

margin loans in recent weeks, Bloomberg News reported on

Tuesday.

The private banking arms of Citigroup ( C/PN ) and HSBC

Holdings ( HSBC ) have also stopped lending on New World

securities some months ago, the Bloomberg report said, citing

people familiar with the matter.

New World Development ( NWWDF ), UBS Group, Citigroup ( C/PN ) and HSBC ( HSBC ) did not

immediately respond to a Reuters email seeking comment.

New World, owned by billionaire tycoon Henry Cheng and

family, has been facing executive governance issues over the

past few months, with heir Adrian Cheng stepping down as CEO in

late September and replacement Eric Ma resigning just two months

later.

The company swung to an annual loss in 2024 as it grappled

with the highest debt among its Hong Kong peers at HK$199

billion ($25.61 billion), JPMorgan data showed in July.