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NEW WORLD DEV Obtains Banks' Consent to Relax Some Loan Terms Related to Gearing Ratio: Report
Recommend 11 Positive 22 Negative 12 |
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NEW WORLD DEV (00017.HK) won consent from most banks at end-December to relax some loan terms related to debt levels, such as gearing ratio or consolidated net borrowings to consolidated tangible net worth, Bloomberg quoted sources as saying. It is learnt that banks have agreed to relax the net gearing ratio of certain secured loans of NEW WORLD DEV to as much as 100%, and at the same time waived the testing of the convenant in December 2024. NEW WORLD DEV is now seeking to be exempted from the next test to be conducted on 30 June. AAStocks Financial News |
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