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Finance & Markets

New World’s Top Shareholder Seeks Bank Loan as Equity Deal Looms

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.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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KOSPI Up 4.39% Tuesday

[Economy] : The benchmark Korea Composite Stock Price Index surged 220-point-28 points, or four-point-39 percent, on Tuesday to close at five-thousand-239-point-13.

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