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New World’s Top Shareholder Seeks Bank Loan as Equity Deal Looms

Bloomberg Markets Tuesday 10 November 2026, 07:03 UTC By Apple Ka Ying Li 1 min read
Key Points

EXCLUSIVE New World’s Top Shareholder Seeks Bank Loan as Equity Deal Looms Chow Tai Fook Enterprises Ltd., an investment arm of Hong Kong’s billionaire Cheng family, is seeking about HK$5 billion ($637 million) in fresh funding from banks, according to people familiar with the matter. The financing would be a new-money loan and would be used for general corporate purposes, the people said, asking not to be identified discussing private matters.

EXCLUSIVE New World’s Top Shareholder Seeks Bank Loan as Equity Deal Looms Chow Tai Fook Enterprises Ltd., an investment arm of Hong Kong’s billionaire Cheng family, is seeking about HK$5 billion ($637 million) in fresh funding from banks, according to people familiar with the matter. The financing would be a new-money loan and would be used for general corporate purposes, the people said, asking not to be identified discussing private matters.
New World (ORG) Tai Fook Enterprises Ltd. (ORG) Hong Kong’s (LOCATION) Cheng (PERSON)
Originally published by Bloomberg Markets Read original →

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