Shimao Group Holdings Limited is actively working to enhance its financial stability through several restructuring initiatives. The company has successfully drawn approximately RMB438 million in loans under local government whitelists, alleviating funding pressure for housing delivery. Additionally, Shimao has extended onshore loans amounting to RMB9.3 billion, with some reaching maturity in 2030. The High Court of Hong Kong sanctioned the company's proposed offshore debt restructuring scheme on March 13, 2025, which is expected to be completed by August 29, 2025. This restructuring aims to discharge approximately US$11.5 billion in offshore debt, thereby improving Shimao's financial position.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.