On June 26th, Shimao Group announced that after jointly submitting an application for postponement, the High Court has postponed the hearing to July 31st, 2024. Regarding the latest situation on overseas debt restructuring, Shimao Group stated that the company and its consultants have been actively pushing for discussions with creditors on the restructuring plan. In order to accommodate several planned creditors who need additional time to complete internal approval and signing procedures, the company has decided to further extend the deadline for early bird acceptance fees to 5 pm Hong Kong time on July 31, 2024, and the deadline for general acceptance fees to 5 pm Hong Kong time on August 30, 2024. The company will issue another announcement in a timely manner regarding the progress of the restructuring plan.
世茂集团：清盘聆讯延期至7月31日，境外债务重组早鸟同意费截至日期延后
Shimao Group: Liquidation hearing postponed to July 31, overseas debt restructuring early bird agreed fee deadline postponed.
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