On July 31, 2024, Shimao Group announced that the scheduled hearing for the liquidation petition, originally set to take place on the same day, has been postponed to August 12 by the High Court. This delay is the latest development since the company previously announced the liquidation petition on April 8, April 10, and June 26. The company is currently considering whether to apply for a recognition order from the High Court, but as of the announcement date, no action has been taken. The company reminds shareholders and potential investors that if a recognition order is not obtained, and the company is eventually liquidated, stock transfers since April 5 may be invalidated. Shareholders and potential investors of the company should exercise caution when trading stocks and seek advice from professional or financial advisors if they have any questions.

On July 31, 2024, Shimao Group announced that the scheduled hearing for the liquidation petition, originally set to take place on the same day, has been postponed to August 12 by the High Court. This delay is the latest development since the company previously announced the liquidation petition on April 8, April 10, and June 26. The company is currently considering whether to apply for a recognition order from the High Court, but as of the announcement date, no action has been taken. The company reminds shareholders and potential investors that if a recognition order is not obtained, and the company is eventually liquidated, stock transfers since April 5 may be invalidated. Shareholders and potential investors of the company should exercise caution when trading stocks and seek advice from professional or financial advisors if they have any questions.