Shimao Group Enhances Debt Restructuring Terms

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

Shimao Group Holdings Limited has announced further amendments to its offshore debt restructuring term sheet, which include additional undertakings by controlling shareholders, a work fee for certain creditors, and tighter restrictive covenants. These changes aim to benefit the scheme creditors without adversely affecting their interests. The company continues to seek creditor support for the restructuring proposal.

For further insights into HK:0813 stock, check out TipRanks’ Stock Analysis page.