Funding & Business
New World Seeks to Sell China Real Estate Assets After Loan Deal
New World Development Co. is seeking to divest real estate projects in mainland China after pulling off an $11 billion refinancing deal in June, according to people familiar with the matter.
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Two Singapore-based senior loan distribution bankers are leaving Sumitomo Mitsui Banking Corp, according to people familiar with the matter.
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JPMorgan Chase & Co. is part of a group of lenders that’s arranging £1.75 billion ($2.38 billion) of debt financing for KKR & Co.’s planned acquisition of Spectris Plc, the British manufacturer of precision testing equipment and software.
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