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NEW WORLD DEV Once Craters 5% After Midday After Clarifying No Debt Restructuring Conducted/ Begun to Be Discussed
Recommend 9 Positive 14 Negative 16 |
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NEW WORLD DEV (00017.HK) opened 1.8% higher this morning (20th) before changing little in the morning market, and weakened after midday. The stock's decline significantly widened after 3 pm. It once waned 5% to a low of $4.18, approaching its all-time low of $4.13, and last sagged 3.41% to $4.25 near the close of market, with a turnover of $108 million. The Company is aware that there have been certain market rumors and speculations in relation to the Group having commenced discussions on a holistic debt restructuring of its existing financial indebtedness, including its bonds, according to NEW WORLD DEV. The Company clarified that it has not been in the process of, or commenced any discussion on, any such holistic debt restructuring. NEW WORLD DEV reminded shareholders and investors that the contents of such market rumors and speculations do not accurately reflect the overall status of the Group's existing financial indebtedness. AAStocks Financial News |
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