Court auction to sell Shimao land in Shenzhen fails again
HONG KONG (Reuters) – A court auction to sell vast commercial land plots owned by defaulted Shimao Group in Shenzhen failed for a second time on Thursday as there were no bidders,…
Chinese developer Shimao shares rise nearly 5% after more asset disposals
HONG KONG – Shares of cash-strapped Shimao Group rose on Monday after the Chinese developer and its chairman sold a Shanghai hotel and a stake in a Hong Kong development, respectively, for…
Breaking News
