New World Development advances Shanghai C-REIT spin-off
The Hong Kong developer wants to use proceeds of over Rmb3bn from listing its Shanghai K11 properties to improve liquidity and reduce leverage.
September 22, 2026
Chinese property developers have hit the dollar bond market in a serious way this year — with no fewer than 17 developers raising $6.1 billion in January. But New World China Land late Wednesday night bucked the trend and turned to the dim sum market to close a Rmb3 billion ($482 million) bond.
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