Core Points - New World Development has announced a delay in interest payment dates for four perpetual securities originally scheduled for December 9, 10, 16, and 22, 2025, totaling an amount of $3.4 billion [2] - The company stated that a selective default event has occurred and is ongoing, as confirmed by the guarantor through a signed certificate [2] - New World Development will make further announcements in accordance with the applicable terms and conditions of the perpetual securities and relevant legal regulations [2] Company Overview - New World Development was established in 1970 and listed in Hong Kong in 1972, with primary operations in property development, property investment, and other strategic businesses [2] - As of June 30, 2025, the total asset value of New World Development is approximately HKD 420.3 billion, with projects spread across more than 21 regions in mainland China [2]