Billionaire Chengs’ New World Faces Fresh Test as Airport Mall Tenants Pull Out
Cash-strapped builder New World Development Co. is facing fresh turmoil at its HK$20 billion ($2.6 billion) mall near Hong Kong’s international airport, as a slew of tenants terminate leases, according...
By Shirley Zhao, Pearl Liu · Bloomberg Markets
Cash-strapped builder New World Development Co. is facing fresh turmoil at its HK$20 billion ($2.6 billion) mall near Hong Kong’s international airport, as a slew of tenants terminate leases, according to people familiar with the matter.