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New World Development raises loan facility, ends airport mall agreements

By Reuters News22 hours ago Updated

Sept 30 (Reuters) - Hong Kong's New World Development 0017.HK said on Wednesday it had increased its facility agreement with Deutsche Bank AG DBKGn.DE to HK$4.9 billion ($624.48 million) from HK$3.95 billion, expanding the deal it signed in June.

Separately, it announced it had terminated its contractual agreements with Airport Authority Hong Kong for the 11 SKIES project, an airport mall in Hong Kong.

($1 = 7.8465 Hong Kong dollars)

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