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Shimao Property Holdings ( (HK:0813) ) has issued an announcement.
Shimao Group Holdings has implemented a series of measures to strengthen its balance sheet and address the disclaimer of opinion previously issued on its financial statements, chiefly through a comprehensive offshore debt restructuring that became effective in July 2025. The restructuring discharged about US$12.5 billion in offshore principal and interest in exchange for roughly US$8 billion of new long-dated debt instruments and US$4.5 billion of mandatory convertible bonds, a majority of which has already converted into equity, while amounts owed to the controlling shareholder were also swapped into long-term notes and convertible bonds, easing related-party repayment pressure. Alongside this, the group has secured extensions on approximately RMB23.8 billion of onshore loans, some out to 2035, cut administrative expenses by about 16% in the first eleven months of 2025, and maintained steady contracted sales of RMB22.432 billion and stable pricing while delivering around 18,000 housing units as planned. Supported by loan drawdowns of about RMB451 million under government-backed real estate financing ‘whitelist’ programmes, these steps collectively relieve funding and delivery pressures, improve liquidity, and aim to stabilise operations and support Shimao’s longer-term sustainability amid ongoing challenges in China’s property sector.
The most recent analyst rating on (HK:0813) stock is a Sell with a HK$0.22 price target. To see the full list of analyst forecasts on Shimao Property Holdings stock, see the HK:0813 Stock Forecast page.
More about Shimao Property Holdings
Shimao Group Holdings Limited is a Hong Kong-listed Chinese real estate developer incorporated in the Cayman Islands, primarily engaged in the development and sale of residential properties and related projects in mainland China. The group focuses on large-scale housing projects and relies heavily on contracted sales, property deliveries and real estate financing within China’s highly regulated and currently stressed property market.
Average Trading Volume: 38,078,994
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.75B
For an in-depth examination of 0813 stock, go to TipRanks’ Overview page.