{"id":138570,"date":"2023-07-31T16:41:29","date_gmt":"2023-07-31T09:41:29","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-property-crisis-shimao-group-slumps-67-per-cent-as-trading-resumes-after-16-month-suspension\/"},"modified":"2023-07-31T16:48:50","modified_gmt":"2023-07-31T09:48:50","slug":"china-property-crisis-shimao-group-slumps-67-per-cent-as-trading-resumes-after-16-month-suspension","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-property-crisis-shimao-group-slumps-67-per-cent-as-trading-resumes-after-16-month-suspension\/","title":{"rendered":"China property crisis: Shimao Group slumps 67 per cent as trading resumes after 16-month suspension"},"content":{"rendered":"


\nShares of Shimao Group plunged by the most on record, wiping out slightly more than HK$11 billion (US$1.4 billion) in market capitalisation after trading resumed in its shares for the first time since March 31, 2022.
\n
\nSource : South China Morning Post
\nRead more…China property crisis: Shimao Group slumps 67 per cent as trading resumes after 16-month suspension<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Shimao Group plunged by the most on record, wiping out slightly more than...<\/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-138570","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-A30","jetpack-related-posts":[{"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":138570,"position":0},"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":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":138570,"position":1},"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":135623,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-property-crisis-evergrande-shimao-and-other-fallen-tycoons-rush-for-lifelines-to-fix-us232-billion-debt-headache\/","url_meta":{"origin":138570,"position":2},"title":"China\u2019s property crisis: Evergrande, Shimao and other fallen tycoons rush for lifelines to fix US$232 billion debt headache","date":"March 25, 2023","format":false,"excerpt":"\r China\u2019s expected economic revival will leave fallen property tycoons behind, missing the crucial liquidity train. The window to reorganise their offshore debts may be closing, as talk about another recession persists.\r \r Source : South China Morning Post\r Read more...China\u2019s property crisis: Evergrande, Shimao and other fallen tycoons rush\u2026","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":138570,"position":3},"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":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":138570,"position":4},"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":135654,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indebted-chinese-developer-shimao-group-to-sell-hong-kong-airport-area-sheraton-hotel-property-for-us828-million\/","url_meta":{"origin":138570,"position":5},"title":"Indebted Chinese developer Shimao Group to sell Hong Kong airport-area Sheraton hotel property for US$828 million","date":"March 27, 2023","format":false,"excerpt":"\r The owner of the 1, 219-room, Sheraton-branded property, Shimao Group, is in the process of restructuring US$11.8 billion in debt.\r \r Source : South China Morning Post\r Read more...Indebted Chinese developer Shimao Group to sell Hong Kong airport-area Sheraton hotel property for US8 million","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\/138570"}],"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=138570"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/138570\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=138570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=138570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=138570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}