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Shimao Property Holdings ( (HK:0813) ) just unveiled an announcement.
Shimao Group Holdings Limited has announced significant measures to improve its financial position, including an effective offshore debt restructuring scheme that reduced its debt size and pressure. The company has also extended development loan facilities and onshore loans, while accelerating property sales and ensuring timely delivery. These efforts, alongside financial support from local government initiatives, aim to stabilize Shimao’s operations and sustain its business amid challenging market conditions.
The most recent analyst rating on (HK:0813) stock is a Hold with a HK$0.40 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 real estate development company incorporated in the Cayman Islands, primarily engaged in residential and commercial property development. The company focuses on the Chinese market, offering a range of property services and developments.
Average Trading Volume: 49,528,741
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$3.17B
For detailed information about 0813 stock, go to TipRanks’ Stock Analysis page.