Shimao Group (HKG:0813), on orders from the Hong Kong High Court, will convene a meeting on Feb. 24 for its scheme creditors to vote on the proposed restructuring of its offshore debt, a Monday bourse filing said.
The scheme creditors, who hold around 79.06% of the debt, previously showed support for the planned restructuring.
The property firm had proposed the debt restructuring plan after it was slapped with a winding-up petition filed by China Construction Bank (SHA:601939, HKG:0939) in April 2024. The petition was dismissed in December 2024.
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