Lates News

On the morning of September 23, New City Development announced in the Hong Kong Stock Exchange that its wholly-owned subsidiary, New City Global Limited, proposed an international issuance of US dollar-denominated senior secured notes guaranteed by the company and New City Holdings, and will conduct a series of roadshows for institutional investors. The issuer and the company intend to use the net proceeds from the proposed note issuance to repay existing debts and for general corporate purposes. The notes have received preliminary approval from the Stock Exchange of Hong Kong for listing and quotation on the Stock Exchange.