New World Development (00017.HK) raises approximately HK$25 billion through rights issue; Chow Tai Fook Enterprises, together with HSBC and DBS Bank, fully underwrites the offering, demonstrating confidence

Zhitong Finance APP news, New World Development (00017.HK) announced today that the company proposes to conduct a fully underwritten rights issue to raise approximately HK$25 billion (before deducting expenses). This proposed rights issue fundraising is one part of the group's comprehensive capital restructuring plan, a "combination punch."