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Shares of New World Development jump after it vows to raise cashflow, cut debt

Reuters
2025/03/03
Shares of New World Development jump after it vows to raise cashflow, cut debt

HONG KONG, March 3 (Reuters) - Shares of New World Development 0017.HK rose more than 6% in early trading on Monday after the Hong Kong major developer said it would increase cashflow and cut debt as it reported an interim net loss of HK$6.63 billion ($852.63 million).

($1 = 7.7759 Hong Kong dollars)

(Reporting by Clare Jim and Donny Kwok; Editing by Kim Coghill)

((clare.jim@thomsonreuters.com;))

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