Shimao Group (00813) opened up by nearly 3%, and as of press time, it rose by 2.63%, to HKD 0.78, with a turnover of HKD 732,800.
According to the Zhongtong Caijing APP, Shimao Group (00813) opened up by nearly 3%, and as of press time, it rose by 2.63%, to HKD 0.78, with a turnover of HKD 732,800.
On the news front, on June 25th, Shimao Group proposed better restructuring terms for its overseas debt to obtain the support of creditors before the liquidation hearing.
It is reported that China Construction Bank (Asia) will hold the first hearing for the liquidation petition filed for unpaid loans of HKD 158 million on Wednesday (June 26). Earlier this year in March, Shimao Group's restructuring plan was opposed by creditors.