Shimao Group Announces Offshore Debt Restructuring Updates

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

Shimao Group Holdings Limited has announced amendments to its offshore debt restructuring terms, which include incorporating accrued interest in the restructuring consideration and adjusting the redemption and repayment schedules. The amendments aim to benefit participating creditors without adversely affecting their interests, while enhancing guarantees and collateral, and introducing a new voluntary conversion option for convertible bonds.

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