New World Investors Watch Rivals to Game Out $1.9 Billion Plan

Bond investors weighing up a crucial exchange offer by one of Hong Kong’s biggest property developers face a classic game theory dilemma: their best option depends on what everyone else...

By Trista Xinyi Luo, Pearl Liu · Bloomberg Markets

Bond investors weighing up a crucial exchange offer by one of Hong Kong’s biggest property developers face a classic game theory dilemma: their best option depends on what everyone else does.