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Shimao, once hailed as one of China’s stronger developers, sued by UOB over terms of US$1.3 billion loan


Shimao, China’s 22nd biggest developer by sales in the first half, was once considered one of the country’s stronger developers, but had been trading at distressed levels in the dollar bond market for months now.

Source : South China Morning Post
Read more…Shimao, once hailed as one of China’s stronger developers, sued by UOB over terms of US.3 billion loan

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