HONG KONG (Reuters) – Shares of China’s Shimao Group dropped 15% to HK$0.73 on Monday, their lowest since Sept. 26, after the property developer received a liquidation petition. Shimao said on Friday CPYM Link Investment had filed a liquidation petition against the company in the Hong Kong high court regarding a 258 million yuan ($35.2 million) cross-border loan guarantee provided by the property developer. ($1 = 7.3308 yuan) (Reporting by Hong …

WTVB

China’s Shimao drops 15% after developer receives liquidation petition

A court hearing has been scheduled for March 19, said the Chinese prosecutor, who will take “legal steps to vigorously oppose the liquidation request”.

Audiência em tribunal foi marcada para 19 de março, disse promotor chinês, que vai tomar "medidas legais para se opor vigorosamente ao pedido de liquidação".

Promotor chinês Shimao cai 7% na bolsa após novo pedido de liquidação

Media Bias/Fact Check

Observador

Sociedade anónima

Portugal

Chinese prosecutor Shimao drops 7% on the stock market after new liquidation request

All Sides

Midwest Communications

China Evergrande said on Monday that a court in Hong Kong had ordered one of its key offshore units to be wound up, the latest in a slew of legal victories for the embattled developer’s liquidators.
© New Straits Times Press (M) Bhd

New Strait Times

Media Prima

Malaysia

China Evergrande's unit receives liquidation order from Hong Kong court

Shares of China's Shimao Group dropped 15% to HK$0.73 on Monday, their lowest since Sept. 26, after the property developer received a liquidation petition.

BizToc

China's Shimao drops 15% after developer receives liquidation petition

(Reuters) – China Evergrande said on Monday that a court in Hong Kong had ordered one of its key offshore units to be wound up, the latest in a slew of legal victories for the embattled developer’s liquidators. The liquidators had filed a winding-up petition against company subsidiary CEG Holdings BVI in September, in a bid to recover funds from the debt-laden property company that defaulted in 2021 and triggered China’s real estate market crisi…

Blue Water Healthy Living

Port Huron

St. Clair County

Michigan

United States

China Evergrande's unit receives liquidation order from Hong Kong court - Blue Water Healthy Living

SHARES of China’s Shimao Group dropped 15 per cent to HK$0.73 on Monday, their lowest since Sept 26, after the property developer received a liquidation petition.

Business Times

China’s Shimao drops 15% after developer receives liquidation petition

Shares of China's Shimao Group dropped 15% to HK$0.73 on Monday, their lowest since Sept. after the property developer received a liquidation petition. Shimao said on Friday CPYM Link Investment had filed a liquidation petition against the company in the Hong Kong high court regarding a 258 million yuan ($35.2 million) cross-border loan guarantee provided by the property developer.

India Daily Mail

China's Shimao goes down 15% after programmer will get liquidation utility

Lenders are taking legal steps against developers Evergrande and Shimao amidst a downturn in the housing market. Property bonds valued at more than 700 billion yuan are due this year from developers in China. Two of China's biggest real estate developers are facing increased pressure from creditors, who are taking legal measures to recover debts amidst the challenging recovery of the country's housing market. The property management division of …

Automobile News and Trends - You must read this !

Creditors Ramp Up Legal Pressure on China’s Evergrande, Shimao Amid Housing Slump and Looming 700 Billion Yuan Property Bond Deadline

Shimao Group is making a fresh attempt to sell a Sheraton hotel complex near Hong Kong International Airport, with market sources confirming to Mingtiandi that the defaulted developer is seeking HK$4.5 billion ($580 million) for the dual-branded property. In 2023... Read More>> The post Shimao Cuts Asking Price for Sheraton Hotel Complex Near Hong Kong Airport by 30% appeared first on Mingtiandi.

China’s Shimao drops 15% after developer receives liquidation petition

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics