Jun 25, 03:03 PM

Shimao Group Sweetens Debt Restructuring Terms Ahead of July 31 Liquidation Hearing

Chinese property developer Shimao Group has sweetened its offshore debt restructuring terms to garner more support from creditors, according to three sources. This move comes ahead of a liquidation hearing, which has been adjourned to July 31. Shimao is attempting to fend off liquidation by improving the terms of its debt revamp.

#Shimao Group #Shimao

Written with ChatGPT (GPT-4o).

Sources

Erik Magraken@erikmagraken
1 year ago
The hearing for preliminary approval of the UFC antitrust settlement has been pushed back again. Re-scheduled now for July 12.
Reuters@Reuters
1 year ago
Chinese developer Shimao's liquidation hearing adjourned to July 31 https://t.co/ab6w9c0SDN https://t.co/m5W77F4IfS
Christophe Barraud🛢🐳@C_Barraud
1 year ago
🇨🇳 Chinese developer Shimao's liquidation hearing adjourned to July 31 - Reuters https://t.co/4GqHoAZ7yj

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Shimao Group Sweetens Debt Restructuring Terms Ahead of July 31 Liquidation Hearing

Sources

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