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New World’s Top Shareholder Seeks $637 Million Bank Loan

1 source1 article First seen Updated Hong Kong Truth score 34

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Summary

Chow Tai Fook Enterprises Ltd., an investment arm of Hong Kong’s billionaire Cheng family, is seeking about HK$5 billion ($637 million) in fresh funding from banks, according to people familiar with the matter.

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    New World’s Top Shareholder Seeks $637 Million Bank Loan

    Chow Tai Fook Enterprises Ltd., an investment arm of Hong Kong’s billionaire Cheng family, is seeking about HK$5 billion ($637 million) in fresh funding from banks, according to people familiar with the matter.

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