Kalshi in funding talks at $65 billion valuation for compute futures push
The fundraising discussions follow a $1 billion October round as the prediction market company seeks to expand beyond event contracts.
New World Development considers HK$25 billion rights issue
The Hong Kong developer has reportedly appointed banks to prepare the potential fundraising, while trading in its shares has been suspended.
New World Development is considering raising as much as HK$25 billion through a rights issue and has engaged banks for preparations, according to a November 13 media report citing people with knowledge of the matter.
A filing submitted before the Hong Kong exchange opened said the developer's shares were suspended from trading pending an announcement of inside information. The company did not immediately provide a response to a request for comment.
New World has the heaviest debt burden among local peers. With credit tight and the property market weak, it has sought asset sales, lower borrowings and improved liquidity.
At an October earnings conference, CEO Echo Huang said she anticipated significantly better cash flow in fiscal 2026/27's first half.
The developer also used a bond exchange offer to replace some debt maturing in 2027 and 2028 with around $189 million of newly issued secured notes carrying a 2032 maturity.