
New World Seeks More Banks to Join Up to $2 Billion Loan
Deustche Bank AG, which is arranging the deal, sent invitations this week to some banks that aren't already lenders to the developer, the people said, asking not to be identified discussing private matters. The base size of the three-year facility is HK$4 billion, they added. Proposed terms that the company sent to other banks in March didn't specify a base loan size.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Bloomberg
12 minutes ago
- Bloomberg
Trump's Tariffs Force Europe to Rethink Ties With China
On today's Big Take Asia podcast, how Trump's tariff war is changing the EU's approach to investments from China and whether that could bring the two closer together. Never miss an episode. Follow The Big Take daily podcast today. This week, top European Union leaders are traveling to Beijing for a high-level summit which could set the tone for the relationship between the EU and China for years to come.


Bloomberg
12 minutes ago
- Bloomberg
Trump Sets Tariff on Philippines at 19%
President Donald Trump said the US reached an agreement with the Philippines setting a 19% tariff on the country's exports. Trump announced the deal on social media after meeting with Philippines President Ferdinand Marcos Jr, stating "The Philippines will pay a 19% Tariff" and that the countries will work together militarily. (Source: Bloomberg)
Yahoo
40 minutes ago
- Yahoo
US audit watchdog bars, fines Hong Kong auditor
NEW YORK (Reuters) -The U.S. Public Company Accounting Oversight Board said on Tuesday it had revoked the license of a Hong Kong firm and barred its owner for violating audit rules related to companies operating in China, including Luckin Coffee Inc. The PCAOB said in a statement it had sanctioned Centurion ZD CPA & Co and its owner Chan Kam Fuk and hit them with a civil penalty of $75,000 for violating the board's rules and standards in connection with its audit work for three firms. The auditor failed to properly assess risk and get sufficient audit evidence from Luckin in a 2022 opinion of the firm's 2021 financial reporting, the PCAOB said. The Chinese coffee firm in 2020 had settled accounting fraud charges with the SEC. The firm and Chan failed to use information about the fraud in the subsequent year's audit, PCAOB said. Centurion also violated PCAOB standards in connection with the audit of a second Chinese company and with audit procedures for some subsidiaries of a Malaysian firm, the PCAOB said. Chan and Centurion did not admit or deny the findings. A lawyer for both did not respond immediately to request for comment. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data