Hong Kong Court Orders Withdrawal of Winding-Up Petition Against Shimao Group

MT Newswires Live

02-25

The Hong Kong High Court has ordered a winding-up petition against Shimao Group (HKG:0813) to be withdrawn with consent, a Tuesday filing with the Hong Kong bourse stated.

CPYM Link Investment had filed the petition against the property firm on Jan. 10 over a guarantee provided by the latter for a cross border loan.

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