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Shimao Group Holdings Ltd. (SEHK: 813), formerly Shimao Property Holdings Ltd. (Chinese: 世茂集团控股有限公司), is a diversified real estate development company that specializes in property development, property investment, and hotel operations in the People's Republic of China.
Apr 8, 2024 · CNN —. Shanghai-based property giant Shimao Group said on Monday that it had received a liquidation petition from a Chinese state-owned bank in yet another instance of creditors taking legal ...
Jul 4, 2022 · Another major Chinese developer has defaulted on its debt, dealing a new blow to the ailing real estate sector in the world’s second largest economy. Shanghai-based Shimao Group failed to pay ...
Apr 8, 2024 · Getty Images. China's crisis-hit property market has been dealt a fresh blow as major real estate developer Shimao Group has been hit with a winding-up petition. State-owned China Construction ...
Shimao Group is an international and comprehensive large-scale investment group. After more than 30 years of development, the group has distributed more than 140 core development cities across the country, involving real estate, commerce, property management, hotels, theme entertainment, culture, finance, education, health, high technology and ...
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Dec 30, 2021 · 30 Dec 2021. After defaults by Evergrande and Kaisa, China’s Shimao Group is the latest property developer to raise fears of a far-reaching crisis in the country’s indebted real estate market.
Jan 11, 2022 · The ratings agency also forecast Shimao’s property sales to decline “notably” over the next six-to-12 months, impacted by weakening homebuyer confidence. S&P analysts also expect Shimao’s ...
