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Shares of New World Development soar after the company outlines plans to boost cash flow and cut debt.
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.
New World aims to enhance financial stability through accelerated property sales, reduced spending, and better debt management, addressing concerns over its high debt levels.
The company's proactive measures have positively impacted investor sentiment.
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Las acciones de New World Development se elevan después de que la compañía delinee planes para aumentar el flujo de efectivo y reducir la deuda.