Shimao Property Holdings (HK:0813) has released an update.
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Shimao Group Holdings has successfully dismissed a winding-up petition filed against it in the High Court, signaling a positive turn for the company amidst its financial restructuring. The company reports strong support for its offshore debt restructuring plan, with over 79% of creditors backing the proposal. Investors are advised to remain cautious when dealing with Shimao’s securities.
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