NWD: selling Regent Hotel or not has no impact on debt-cut speed

Stewart Leung, director and general manager of New World Development (0017), said whether the company could sell the shareholding of Regent Hotel or not had no impact on the debt-cut of the company, for debt-cut was a long term target of the company and there was not any emergency for it to cut the debt.He pointed out that it was not so necessary to sell the telephone business of the company and what the company hoped to do was to find some companion to improve its technology.  

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