
香港——新世界发展于周日提议进行一项供股计划,将为这家负债累累的香港地产开发商注入249亿港元(折合32亿美元)的新资本。此前,该公司与潜在投资者的早期谈判未能取得成果。
HONG KONG -- New World Development on Sunday proposed a rights issue that would inject 24.9 billion Hong Kong dollars ($3.2 billion) of new capital into the debt-saddled Hong Kong property developer, after earlier talks with potential investors failed to bear fruit.
根据该公司周日晚间发布的声明,新世界的目标是按每持有1股现有股份获配11股供股股份的比例进行发行。每股供股股份的认购价为0.9港元,这较理论除权价——即发行完成后的股票估计市场价格——折让26.9%。
New World is aiming for an issuance on the basis of 11 rights shares for every existing share held by qualifying shareholders, according to a company statement released Sunday evening. At a subscription price of HK$0.9 per rights share, this would represent a 26.9% discount on the theoretical ex-rights price -- the estimated market price of the stock after the issuance is completed.
新世界首席财务官刘富强在周日晚间的电话简报会上表示,公司的资本重组提案“将重组集团的资本结构并改善流动性”。他说,其银行贷款提案还将“延长公司的债务到期期限”,并增强其进入贷款市场的渠道。
The company's recapitalization proposal "will reset the group's capital structure and improve liquidity," said New World's Chief Financial Officer Edward Lau at a briefing call Sunday evening. Its bank loan proposal would also "extend the company's debt maturity profile" and enhance its access to the loan market, he said.
此次发行将由新世界的母公司、郑家控制的周大福企业以及汇丰银行和星展银行全额承销。周大福目前持有新世界约45%的股份。供股结果将于2月2日公布。
The issuance would be fully underwritten by New World's parent company, the Cheng family-controlled Chow Tai Fook Enterprises, along with HSBC and DBS. Chow Tai Fook currently holds around 45% of shares in New World. The results of the rights issue will be announced on Feb. 2.
新世界表示,计划将供股所得款项约34%用于提前偿还未偿还的银行贷款,另外36%用于偿付其他债务证券。其余部分将为公司的项目储备提供资金。
New World said it plans to use around 34% of the proceeds from the rights issue for prepayment of outstanding bank loans, while another 36% would go toward servicing other debt securities. The rest would fund the company's project pipeline.
该公司提议提前偿还价值820亿港元银行贷款中的10%,这些贷款原定于2027年3月至2029年12月之间到期,同时将剩余90%的贷款期限延长两年。贷款偿还将取决于供股是否成功。
The company is proposing to prepay 10% of HK$82 billion worth of bank loans that are set to mature between March 2027 and December 2029, while extending the remaining 90% of the loans by two years. The loan repayment will be subject to the success of the rights issue.
家族商业帝国的资深大亨、周大福企业主席郑家纯表示:“这一拟议的资本重组计划是巩固新世界财务基础的重要一步。”郑家纯在公司声明中说:“周大福企业承诺全额认购其应配股份并提供进一步的承销支持,这表明了其对新世界长期未来的信心。”
"This proposed recapitalization plan is an important step in strengthening New World's financial foundations," said Chow Tai Fook Enterprises Chairman Henry Cheng, the veteran tycoon behind the family empire. "CTFE's commitment to for its full entitlement and provide further underwriting support demonstrates its confidence in NWD's long-term future," Cheng said in the company's statement.
多家媒体报道称,新世界此前曾与贝恩资本和黑石等美国私募股权公司就公司的潜在新投资进行谈判,但未能达成交易。
New World was previously in talks with U.S. private equity firms including Bain Capital and Blackstone for potential new investments in the company, according to multiple media reports, but no deal materialized.
该公司表示,其考虑过其他融资方案,并认为供股具有“更高的确定性”。上个月,该公司宣布决定退出一个标志性的机场商场项目,并提前终止了与香港机场管理局的租赁合同。因此,该公司记账亏损183亿港元,导致其连续第三个全年度录得281亿港元的亏损。
The company said it considered other fundraising options, and decided that a rights issue offers "greater certainty." Last month, the company announced a decision to exit a flagship airport mall project and terminated its lease with the Airport Authority of Hong Kong early. It booked a loss of HK$18.3 billion as a result, contributing to its third straight full-year loss of HK$28.1 billion.
新世界股价今年迄今已下跌32.3%,过去一年一直在历史最低水平附近交易。
New World shares are down 32.3% so far this year, and have been trading at their lowest level in history in the past year.