Shimao Group Holdings (HKG:0813) said 2,053 scheme creditors voted in favor of its scheme of restructuring its offshore debts in the meeting held on Monday on orders from the Hong Kong High Court, a same-day bourse filing said.
The in-favor votes represent 98.75% of scheme creditors present at the meeting holding voting scheme claims in the aggregate amount of $11.0 billion.
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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