Shimao Property Holdings ( (HK:0813) ) has shared an update.
Shimao Group Holdings Limited announced the successful approval of its proposed offshore debt restructuring scheme at a meeting held on February 24, 2025. The scheme was favored by 98.75% of the voting creditors, representing 95.39% of the total voting debt value, and will now seek sanction from the High Court. This development is a significant step for Shimao in managing its debt obligations and could stabilize its financial position, impacting stakeholders by potentially improving market confidence in the company.
More about Shimao Property Holdings
Shimao Group Holdings Limited is a company involved in the real estate industry, focusing on property development, investment, and management services. It primarily operates in the Chinese market, with a portfolio that includes residential, commercial, and hotel properties.
YTD Price Performance: -16.15%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $444M
See more data about 0813 stock on TipRanks’ Stock Analysis page.