Shimao Group’s Offshore Debt Restructuring Scheme Sanctioned by High Court

Shimao Property Holdings ( (HK:0813) ) just unveiled an update.

Shimao Group Holdings Limited announced that the High Court has sanctioned its offshore debt restructuring scheme, marking a significant milestone in the company’s financial recovery efforts. The scheme’s effectiveness, confirmed on March 13, 2025, is expected to stabilize Shimao’s financial standing and reassure stakeholders, as the company continues to navigate its debt obligations.

More about Shimao Property Holdings

Shimao Group Holdings Limited is a prominent player in the real estate industry, focusing on property development and investment. The company is known for its residential, commercial, and hotel properties, primarily targeting the Chinese market.

YTD Price Performance: 2.31%

Average Trading Volume: 5,100

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $492.8M

See more data about 0813 stock on TipRanks’ Stock Analysis page.