{"id":124124,"date":"2022-01-07T13:17:40","date_gmt":"2022-01-07T06:17:40","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shimao-groups-shanghai-unit-defaults-on-us101m-project-loan-in-latest-blow-to-chinas-embattled-property-market\/"},"modified":"2022-01-07T14:05:10","modified_gmt":"2022-01-07T07:05:10","slug":"shimao-groups-shanghai-unit-defaults-on-us101m-project-loan-in-latest-blow-to-chinas-embattled-property-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shimao-groups-shanghai-unit-defaults-on-us101m-project-loan-in-latest-blow-to-chinas-embattled-property-market\/","title":{"rendered":"Shimao Group\u2019s Shanghai unit defaults on US$101m project loan in latest blow to China\u2019s embattled property market"},"content":{"rendered":"


\nA Shanghai construction materials supplier with links to the Shimao Group has defaulted on a US$101m project loan guaranteed by the Hong Kong-listed group, adding to its recent debt burden.Shanghai Shimao Construction Company failed to repay the proceeds as a guarantor for a project that raised funds for Shanghai Qianyi Construction Materials Company, according to a notice sent to investors on Thursday by China Credit Trust (CCT), the trustee for the loans.Shanghai Shimao Construction, a Shimao\u2026
\n
\nSource : South China Morning Post
\nRead more…Shimao Group\u2019s Shanghai unit defaults on US1m project loan in latest blow to China\u2019s embattled property market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A Shanghai construction materials supplier with links to the Shimao Group has defaulted on a...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-124124","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-wi0","jetpack-related-posts":[{"id":125171,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-sales-at-shimao-groups-shanghai-listed-unit-sink-62-per-cent-in-february\/","url_meta":{"origin":124124,"position":0},"title":"Property sales at Shimao Group\u2019s Shanghai-listed unit sink 62 per cent in February","date":"March 8, 2022","format":false,"excerpt":"\r Chinese developer Shimao Group Holdings said property sales at its mainland-listed subsidiary slumped last month, piling further financial pressure on one of the country\u2019s top real estate companies.Contracted sales at Shanghai Shimao sank 62 per cent to 1 billion yuan (US$158.4 million) in February from a year earlier, according\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143203,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/embattled-chinese-developer-shimao-seeks-offshore-investors-approval-to-restructure-us11-7-billion-debt\/","url_meta":{"origin":124124,"position":1},"title":"Embattled Chinese developer Shimao seeks offshore investors\u2019 approval to restructure US$11.7 billion debt","date":"March 25, 2024","format":false,"excerpt":"\r The Shanghai-based firm is seeking approval from offshore creditors for a restructuring plan, according to a filing made to the Hong Kong stock exchange late on Monday, as part of its latest efforts to avoid liquidation.\r \r Source : South China Morning Post\r Read more...Embattled Chinese developer Shimao seeks\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":128327,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shimao-once-hailed-as-one-of-chinas-stronger-developers-sued-by-uob-over-terms-of-us1-3-billion-loan\/","url_meta":{"origin":124124,"position":2},"title":"Shimao, once hailed as one of China\u2019s stronger developers, sued by UOB over terms of US$1.3 billion loan","date":"July 28, 2022","format":false,"excerpt":"\r Shimao, China\u2019s 22nd biggest developer by sales in the first half, was once considered one of the country\u2019s stronger developers, but had been trading at distressed levels in the dollar bond market for months now.\r \r Source : South China Morning Post\r Read more...Shimao, once hailed as one of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":144995,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shimao-is-latest-developer-to-see-sales-rise-since-chinas-property-rescue-package\/","url_meta":{"origin":124124,"position":3},"title":"Shimao is latest developer to see sales rise since China\u2019s property rescue package","date":"June 7, 2024","format":false,"excerpt":"\r Shimao has become the latest Chinese home builder to report higher property sales aided by Beijing\u2019s stimulus package aimed at reviving its crisis-hit real estate sector.\r \r Source : South China Morning Post\r Read more...Shimao is latest developer to see sales rise since China\u2019s property rescue package","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143375,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shimao-group-faces-winding-up-petition-from-china-construction-bank-signalling-developer-is-in-serious-debt-trouble\/","url_meta":{"origin":124124,"position":4},"title":"Shimao Group faces winding-up petition from China Construction Bank, signalling developer is in \u2018serious debt trouble\u2019","date":"April 8, 2024","format":false,"excerpt":"\r Troubled property developer Shimao Group Holdings is facing a liquidation suit brought by China Construction Bank, the country\u2019s second-largest lender, for a financial obligation amounting to around HK$1.58 billion (US$201.8 million).\r \r Source : South China Morning Post\r Read more...Shimao Group faces winding-up petition from China Construction Bank, signalling\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105859,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/from-a-hotel-in-a-hole-to-chinas-tallest-tower-shimao-heir-apparent-ditches-cookie-cutter-for-landmark-buildings\/","url_meta":{"origin":124124,"position":5},"title":"From a hotel in a hole to China\u2019s tallest tower, Shimao heir apparent ditches cookie cutter for landmark buildings","date":"April 7, 2019","format":false,"excerpt":"\r Jason Hui Sai-tan, the 41-year-old president of Chinese developer Shimao Property Holdings, wants to turn the oft-used aphorism in China\u2019s real estate industry on its head, as he looks forward to building the country\u2019s tallest building, fresh from helping his father build China\u2019s deepest hotel.\u201cLand is flour, and we\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124124"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=124124"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124124\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=124124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=124124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=124124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}