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new world development faces liquidity challenges amid falling stock prices
New World Development (NWD) faces a liquidity crisis, prompting analysts at HSBC to suggest a debt-reduction plan or cash injection from the Cheng family. The company's shares have plummeted 37% since late November, leading to a revised stock-price target of HK$3.66. A comprehensive deleveraging strategy is recommended to alleviate investor concerns, as NWD attempts to boost sales by pricing its residential units at multi-year lows.
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