BRIEF-Shimao Group Says Winding-Up Petition Has Been Filed Against Co By CPYM Link Investment

Reuters

2025/01/10

Jan 10 (Reuters) - Shimao Group Holdings Ltd :

* WINDING-UP PETITION

* WINDING-UP PETITION AGAINST CO WAS FILED BY CPYM LINK INVESTMENT

* PETITION IN CONNECTION WITH A GUARANTEE PROVIDED BY COMPANY FOR A CROSS BORDER LOAN RELATING TO CMB INTERNATIONAL FINANCE

* GUARANTEE PROVIDED BY CO FOR A CROSS BORDER LOAN IN OUTSTANDING AMOUNT OF ABOUT RMB258 MILLION

* HIGH COURT HAS SET FIRST HEARING DATE FOR PETITION ON 19 MARCH

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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