Shimao Property’s Strategic Restructuring Plan Unfolds

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

Shimao Property Holdings is planning a major restructuring that includes issuing mandatory convertible bonds and long-term notes to its controlling shareholder, along with increasing its authorized share capital. The restructuring aims to offer creditors various options including short and long-term instruments and convertible bonds, with a significant portion of its debt already supported by creditors. This strategic move is expected to stabilize the company’s financial standing and potentially enhance shareholder value.

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