BRIEF-New World Development Says As At Dec End, Obtained Waivers From Lenders

Reuters

2025/02/28

Feb 28 (Reuters) - New World Development Co Ltd 0017.HK:

AS AT DEC END, OBTAINED WAIVERS FROM LENDERS FOR THE COMPLIANCE WITH CERTAIN FINANCIAL COVENANTS AS OF 31 DECEMBER 2024
EXPECTED LENDERS WILL CONTINUE TO WAIVE FINANCIAL COVENANT IN ACCORDANCE WITH REFINANCING PLANS CURRENTLY UNDER DISCUSSION
IN ACTIVE DIALOGUE WITH LENDERS ON REFINANCING OF CERTAIN BANK AND OTHER BORROWINGS, INCLUDE REVISITING FINANCIAL COVENANTS.

Further company coverage: 0017.HK

((Reuters.Briefs@thomsonreuters.com;))

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