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Bain Said to Explore Investment in Hong Kong Developer New World

Source: Bloomberg

Housing & Real EstatePrivate Markets & VentureCredit & Bond MarketsCompany Fundamentals

Bain Capital is exploring a potential investment in Hong Kong property developer New World Development as the company seeks to reduce its heavy debt burden. The prospective private-capital infusion highlights ongoing balance-sheet stress at the embattled developer and could affect its financing outlook, though no transaction terms or commitment have been disclosed.

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