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The latest announcement is out from Shimao Property Holdings ( (HK:0813) ).
Shimao Group Holdings Limited has announced an update regarding its offshore debt restructuring process. The Hong Kong High Court has scheduled a meeting for Scheme Creditors to discuss and potentially approve a scheme of arrangement, with further proceedings set for March 2025. This development is a crucial step in the company’s efforts to manage its debt obligations, and stakeholders are advised to remain cautious and seek professional guidance.
More about Shimao Property Holdings
Shimao Group Holdings Limited is a major player in the real estate industry. The company primarily focuses on the development and investment of residential, hotel, and commercial properties, with a significant market presence in China.
YTD Price Performance: -14.62%
Average Trading Volume: 1,025
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $447.9M
For detailed information about 0813 stock, go to TipRanks’ Stock Analysis page.
