Shimao Group Extends Offshore Debt Restructuring Deadlines

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

Shimao Group Holdings Limited has announced an extension for creditors to sign onto the proposed restructuring of its offshore debt, with new deadlines set for late September and October 2024. The company continues to actively negotiate terms with creditors and urges those holding in-scope debt to participate in the agreement. Shareholders and potential investors are cautioned to exercise care when dealing with the company’s securities amidst these developments.

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