(Reuters) -- Hong Kong builder New World Development said on Monday it had received commitments for a HK$88.2 billion ($11.24 billion) loan refinancing package, as the property developer finalizes a crucial lifeline in a struggling market.
Property
Hong Kong's New World Development gets $11bn refinancing deal
Former CEO Adrian Cheng steps down from company board
New World Development's $11 billion loan refinancing package includes multiple tranches of bank loans with different maturities. (Photo by Masayuki Kozono)
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