New World Development , one of the biggest property developers in Hong Kong, reported an interim net loss of HK$6.63 billion ($852.45 million) on Friday, following a prolonged property downturn and ...

They also want an update from new CEO Echo Huang on the firm's progress in its plans for deleveraging, debt repayment and asset disposal. New World has undergone two CEO changes in two months, with ...

CEO Echo Huang, who has led the company since November, said she would increase cashflow and cut debt by accelerating asset sales and lowering capital expenditure. Financial markets are watching ...

Echo Huang, who took over as CEO in November, set out key measures to improve the company’s cash flow in a media briefing on Friday, including plans to offload non-core assets, cut costs and ...