Search results
China property developer Shimao faces liquidation petition from state-owned bank
Reuters via Yahoo Finance· 2 weeks agoThe petition centres on Shimao's failure to repay loans of HK$1.58 billion ($201.75 million) and...
Chinese State Bank Asks Court to Liquidate Developer Shimao
Bloomberg via Yahoo Finance· 2 weeks ago(Bloomberg) -- Defaulted Chinese developer Shimao Group Holdings Ltd. is facing a demand to...
Vietnam’s ‘blazing furnace’ sees real estate mogul sentenced to death for $12 billion fraud. It’s...
Fortune· 1 week agoIts rival real estate group, Evergrande, led by CEO Hui Ka Yan, filed for bankruptcy protection...
China's Shimao faces liquidation suit over failure to pay $202 million loan
Reuters· 2 weeks agoLast month, Shimao laid out detailed restructuring terms to revamp its $11.5 billion offshore debt...
China property giant Shimao faces winding-up case
BBC via Yahoo Finance· 2 weeks agoState...developers, Shanghai-based Shimao defaulted on offshore bonds in 2022. Last month...January, rival real estate giant China Evergrande was ordered...
Another big Chinese property developer faces a liquidation suit
CNN Business via AOL· 2 weeks agoShanghai-based property giant Shimao Group said on Monday that it had received a liquidation...
Embattled Shimao faces rare winding-up petition from Chinese state-owned bank
South China Morning Post· 2 weeks ago“This...property developer has faced a winding-up petition from a large, state-owned commercial...
Deadbeat Developer Debt Collection Enters New Phase With Shimao Liquidation
Benzinga· 3 days agoA new phase of all-out war has begun in China’s sagging real estate industry, pitting struggling...
Midtown East Condominium Project Gets $185M Inventory Loan
The Real Deal· 1 week agoNavigation Capital Group, a Manhattan-based affiliate of China’s Hopson Development, received $185...
China’s stuttering growth risks fuelling its belligerent foreign policy
The Telegraph via Yahoo Finance· 1 week agoLate last year, Moody’s downgraded China’s sovereign credit rating. On Wednesday Fitch followed...