Chinese developer Shimao trades flat after issuing plan to revamp offshore debt
HONG KONG (Reuters) – Shares in Chinese property developer Shimao Group were flat on Friday after it issued a restructuring plan to reduce up to …
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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 …
Shimao hires firms to conduct independent probes amid restructuring push
(Reuters) – Shimao Group said on Monday it appointed two firms to conduct independent investigations into issues raised by its previous auditor and its internal …
Chinese developer Shimao slips on loan payment delay plans, asset freeze reports
HONG KONG – Shares of cash-strapped Chinese property developer Shimao Group eased on Thursday, after it sought to extend payments of a $947 million trust …
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 …