Shimao Services' Holding Company Slapped with Winding-Up Petition

MT Newswires Live

01-13

Shimao Services' (HKG:0873) holding company Shimao Group received a winding-up petition filed by CPYM Link Investment at the Hong Kong High Court, a Monday bourse filing said.

The petition is related to an outstanding amount of nearly 258 million yuan under a guarantee provided by Shimao Group for a cross-border loan relating to CMB International Finance.

The property manager said it will make further announcements regarding the petition as and when needed.

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