New World’s Top Shareholder Seeks Bank Loan as Equity Deal Looms
· bloomberg.com · popularity 45/100 · 0 similar stories today · Banking, Payments & Fintech (Money, Markets & Investing)
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Summary
Chow Tai Fook Enterprises Ltd., an investment arm of Hong Kong’s billionaire Cheng family, is seeking about HK$5 billion ($637 million) in fresh funding from banks, according to people familiar with the matter.
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