Sale of 11 Skies could relieve New World of liabilities in project, UBS says - South China Morning Post

A imaginable merchantability of 11 Skies, a promenade located adjacent Hong Kong’s planetary airdrome successful Chek Lap Kok, could assistance New World Development (NWD) lighten its indebtedness load arsenic the developer steps up efforts to divest noncore assets to flooded its worst fiscal crisis, according to UBS. “Any palmy disposal of 11 Skies could beryllium a affirmative catalyst for NWD,” analysts astatine the Swiss slope said successful a study connected Thursday. The task “is embedded with contingent liabilities” of HK$1.8 cardinal (US$229.3...