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Shimao Property Holdings ( (HK:0813) ) just unveiled an update.
Shimao Group Holdings Limited has announced an update regarding the restructuring of its offshore debt. A scheme meeting has been scheduled for 24 February 2025, where creditors will consider and possibly approve a scheme of arrangement, subject to the approval of the Hong Kong Court. This restructuring process aims to address financial challenges and stabilize the company’s financial standing, with potential implications for its market position and stakeholders.
More about Shimao Property Holdings
YTD Price Performance: -16.92%
Average Trading Volume: 1,050
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $408.7M
Learn more about 0813 stock on TipRanks’ Stock Analysis page.