New World plummets on rights announcement

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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New World plummets on rights announcement

Hong Kong property company New World Development tumbled more than 17% in the stock market on Tuesday, after announcing a plan to raise HK$16.68bn ($2.14bn) alongside a subsidiary with a one-for-two rights issue.

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