New World Development $4 Billion Tie-Up with Blackstone
Sector: Commercial • Location: Hong Kong
Source: Bloomberg
A proposed $4 billion tie-up between Blackstone Inc. and New World Development Co. involved Blackstone becoming the largest shareholder by injecting about $2.5 billion into a special-purpose vehicle, with the Cheng family contributing $1 billion to $1.5 billion. The deal was intended to restructure the property firm to reduce leverage, reset bank loan terms, and review assets. However, the deal fe
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | cancelled |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | A proposed $4 billion tie-up between Blackstone Inc. and New World Development Co. involved Blackstone becoming the largest shareholder by injecting about $2.5 billion into a special-purpose vehicle, with the Cheng family contributing $1 billion to $1.5 billion. The deal was intended to restructure the property firm to reduce leverage, reset bank loan terms, and review assets. However, the deal fell through after New World refused to hand over control, ending a yearlong negotiation. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |