New World Seals $11.2B Lifeline; UMS Eyes Malaysia Debut; Dezign Format Joins IPO Race; SingTel CEO Sees Payday Surge

HK:0017.HK:New World Development Distressed Hong Kong developer New World Development has finalized a HK$88.2 billion (US$11.2 billion) refinancing deal, marking the city’s largest-ever refinancing transaction. The firm, controlled by tycoon Henry Cheng, secured 100%...