Shimao Group
China property developer Shimao faces liquidation order over HK$1.6 billion loan
CHINESE property developer Shimao Group said on Monday (Apr 8) that China Construction Bank (Asia) had filed a liquidation petition against it over a financial obligation of HK$1.6 billion (S$276 mill...
Chinese developer Shimao lays out restructuring proposal
CHINESE developer Shimao Group on Monday (Mar 25) laid out a new restructuring proposal to repay its offshore debt, joining a slew of property firms in China to try to revamp its debt.
Deutsche Bank to file liquidation suit against Chinese developer Shimao
Deutsche Bank is preparing a liquidation lawsuit in Hong Kong against Chinese developer Shimao Group, two sources said, in a rare move by a foreign firm that comes amid rising credit defaults and Chin...
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