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NWD CEO Confident in Improved Profit as Mkt Conditions Revive; No Plans for Rights Issue or Share Placement So Far
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Echo Huang, Executive Director and CEO of NEW WORLD DEV (00017.HK), underscored that the company will continue to optimize operational efficiency, strive to enhance sales performance and recurring income, and strictly manage expenses, maintaining a strategy of steady progress. She was confident that profit will improve progressively as market conditions revive. Some debt reduction in the first half of the fiscal year was achieved through perpetual bonds and bond swaps. When asked about any similar actions in future, CFO Lau Fu-Keung stated that there are currently no further bond swap plans. Huang added that there are also no plans for rights issues or share placements at this stage, but management will deliberately consider all capital instruments and debt reduction schemes, with the primary goal of improving cash flow and reducing overall debt. AASTOCKS Financial News Website: www.aastocks.com |
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