Shimao Group Holdings

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Hong Kong court adjourns Country Garden liquidation-petition case until May 26

Justice Linda Chan adjourned the case until May 26 after hearing a petition from Ever Credit, a unit of Hong…

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New Business

Slew of indebted Chinese developers face reckoning in Hong Kong courts

There is no end in sight for the woes of indebted Chinese developers, which continue to face winding-up hearings and…

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New Business

Shimao slashes Hong Kong Sheraton hotel price by 25% to speed up restructuring

Defaulted mainland Chinese developer Shimao Group Holdings has slashed the asking price for a Sheraton-branded hotel property near Hong Kong’s…

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New Business

Shimao’s losses spike 90% as embattled developer is gripped by China’s property downturn

Losses at Shimao Group Holdings, the embattled mainland Chinese developer, jumped nearly 90 per cent in the first half as…

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