{
  "id": 20177379,
  "title": "New World Development unveils plan to raise HK$24.9b",
  "url": "https://urgent.news/2026/11/15/new-world-development-unveils-plan-to-raise-hk-24-9b",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-15T13:01:12.000Z",
  "source": {
    "name": "RTHK News - Finance",
    "slug": "rthk-news-finance",
    "url": "https://news.rthk.hk/rthk/en/component/k2/1877902-20261115.htm"
  },
  "original_language": "en",
  "account": null,
  "summary": "Property developer New World Development said on Sunday its board has proposed a recapitalisation plan aimed at raising about HK$24.9 billion, according to company filing. The plan offers shareholders 11 new shares for every existing share at HK$0.90 each. The company plans to use the proceeds to prepay 10 percent of about HK$82 billion in bank loans and extend the maturity of the remaining 90…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}