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flag Shares of New World Development soar after the company outlines plans to boost cash flow and cut debt.

flag Shares of Hong Kong's New World Development rose sharply on Monday after the company announced plans to boost cash flow and cut debt, despite reporting a significant interim loss of HK$6.63 billion. flag New World aims to enhance financial stability through accelerated property sales, reduced spending, and better debt management, addressing concerns over its high debt levels. flag The company's proactive measures have positively impacted investor sentiment.

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