China's Shimao secures creditor backing for $11 bln offshore debt revamp

Reuters

2025/02/24

Feb 24 (Reuters) - Chinese property developer Shimao Group 0813.HK said on Monday 98.75% of its creditors had supported its offshore debt restructuring plan, with those in favour holding claims totalling about $11.04 billion.

(Reporting by Roushni Nair in Bengaluru; Editing by Devika Syamnath)

((Roushni.Nair@thomsonreuters.com;))

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