Shimao Property Holdings (HK:0813) has released an update.
Shimao Group Holdings Limited announced an adjournment of its winding-up petition hearing to July 31, 2024, and provided updates on the restructuring of its offshore debt, including the extension of deadlines for Early and Base Consent Fee to accommodate certain creditors. The company continues to negotiate with creditors and urges those holding in-scope debt to accede to the Consensual Support Agreement (CSA) to become Participating Creditors, while also cautioning shareholders and potential investors to exercise care when dealing in the company’s securities.
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