Core Viewpoint - New World Development has clarified that there have been no acquisition offers from its major shareholder or Blackstone Group, despite media speculation regarding potential privatization [2] Group 1: Asset Sales and Financial Situation - Recent reports indicate that New World Development is in discussions to sell its 11SKIES shopping center at Hong Kong International Airport to alleviate liquidity issues, with an estimated sale price exceeding HKD 10 billion [4][5] - The 11SKIES complex spans approximately 380,000 square feet and is a significant commercial asset near the Hong Kong-Zhuhai-Macao Bridge [5] - Additionally, there are rumors of New World Development seeking to sell the office portion of its K11 property on Huaihai Middle Road in Shanghai, with a total sale price of approximately CNY 2.85 billion [5][6] Group 2: Financial Performance and Debt Management - For the fiscal year ending June 2024, New World Development reported a significant loss, marking its first loss in nearly 20 years, with revenue declining by 34% to HKD 35.8 billion and a net loss of HKD 171 billion [7] - The company's debt-to-asset ratio stood at 49.33%, failing to meet its target of below 40%, with total debt amounting to HKD 151.6 billion, of which HKD 41.6 billion is short-term debt [8] - In May 2024, New World Development announced a delay in interest payments on four perpetual bonds totaling USD 3.4 billion, leading to a decline in both stock and bond prices [9] - The company successfully refinanced HKD 88.2 billion in loans by June 2024, with the earliest maturity date set for June 30, 2028, temporarily alleviating financial pressures [9]