Half Year 2023 New World Development Co Ltd Earnings Call (Chinese, English) Transcript
Investors, good afternoon. Welcome to New World Development's FY 2023 Interim Results Presentation Analyst Briefing. I am from the Investor Relations Department, General Manager Christy, the MC for today.
Let me introduce the management in attendance. New World Development executive Deputy Chairman and CEO, Dr. Adrian Cheng; CFO, Mr. Edward Lau.
(Operator Instructions) I will now defer to Mr. Edward Lau to go through the group's interim results for FY 2023.
Thank you, Christy. Before I talk about results for first half 2023, I would like to emphasize that this time, we have 3 key points. First, we will not do any rights issue. There won't be any rights issue or any equity fundraising. Number two, our net gearing ratio has already seen the peak. We are confident that the group will continue our deleveraging plan. In June 2024, it will come down to low 40% level. Number three, you can see here from our announcement of
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