Hong Kong’s New World Development said Monday it is in discussions over a loan facility led by Deutsche Bank but denied receiving other funding proposals. The company gave no further financial details. Bloomberg earlier reported that the Cheng family, New World’s controlling shareholder, was considering a HK$10 billion ($1.28 billion) capital injection via a joint venture and seeking a partner to match the sum, with Blackstone and CapitaLand among those approached. New World, which carries one of the highest debt ratios among Hong Kong developers, refinanced $11.2 billion in loans in June to avert default. Its shares and bonds rallied in early August on speculation of a potential take-private deal.