New World’s Talks With Foreign Investors Stall Over Concessions
Talks between the billionaire Cheng family and potential investors in New World Development Co. are stalling, underscoring the challenges facing the indebted company as it seeks to secure much-needed funding.
By Shirley Zhao, Cathy Chan, Kari Soo Lindberg · Bloomberg Markets
Talks between the billionaire Cheng family and potential investors in New World Development Co. are stalling, underscoring the challenges facing the indebted company as it seeks to secure much-needed funding.