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Henry Cheng: Debt Reduction Is Primary Task Without Considering Acquisition for Now
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NEW WORLD DEV (00017.HK) held a shareholders meeting today (21st). Chairman Henry Cheng reiterated that the Company's current debt level is high, and the primary task is to reduce debt and how to make cash withdrawn. If debts can be reduced, dividend distribution will be resumed after the relaxation, Cheng added. In addition, at the meeting, some shareholders suggested the possibility of considering privatization of NWDS CHINA (00825.HK), arguing that it is difficult to cash out due to low stock trading. AAStocks Financial News |
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