Shimao Group Advances Offshore Debt Restructuring

Shimao Property Holdings (HK:0813) has released an update.

Shimao Group Holdings has announced that 80.72% of its scheme creditors have agreed to the restructuring of its offshore debt, a significant step towards resolving its financial commitments. The company will soon implement the restructuring plan and update stakeholders on its progress. Investors are advised to remain cautious and seek professional advice when dealing with the company’s securities.

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