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Shimao Property Holdings ( (HK:0813) ) has shared an announcement.
Shimao Group Holdings Limited announced a winding-up petition filed by CPYM Link Investment Limited related to a cross-border loan guarantee. The hearing is scheduled for March 2025, but as of now, no winding-up order has been granted. The company is considering legal actions to oppose the petition, and any property disposition or share transfer post-petition date might be void unless validated by the High Court, impacting shareholders and investors.
More about Shimao Property Holdings
Shimao Group Holdings Limited is a property development company incorporated in the Cayman Islands. It is involved in real estate, focusing on residential, hotel, and commercial property development in China, offering a wide range of services and products in the property market.
YTD Price Performance: -20.0%
Average Trading Volume: 1,025
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $448.3M
See more insights into 0813 stock on TipRanks’ Stock Analysis page.
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