{"id":143203,"date":"2024-03-25T22:10:13","date_gmt":"2024-03-25T15:10:13","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/embattled-chinese-developer-shimao-seeks-offshore-investors-approval-to-restructure-us11-7-billion-debt\/"},"modified":"2024-03-25T22:18:42","modified_gmt":"2024-03-25T15:18:42","slug":"embattled-chinese-developer-shimao-seeks-offshore-investors-approval-to-restructure-us11-7-billion-debt","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/embattled-chinese-developer-shimao-seeks-offshore-investors-approval-to-restructure-us11-7-billion-debt\/","title":{"rendered":"Embattled Chinese developer Shimao seeks offshore investors\u2019 approval to restructure US$11.7 billion debt"},"content":{"rendered":"


\nThe 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.
\n
\nSource : South China Morning Post
\nRead more…Embattled Chinese developer Shimao seeks offshore investors\u2019 approval to restructure US.7 billion debt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Shanghai-based firm is seeking approval from offshore creditors for a restructuring plan, according to...<\/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-143203","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-BfJ","jetpack-related-posts":[{"id":136023,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/embattled-chinese-developer-sunac-gets-more-creditors-on-board-with-us9-billion-offshore-debt-restructuring-plan\/","url_meta":{"origin":143203,"position":0},"title":"Embattled Chinese developer Sunac gets more creditors on board with US$9 billion offshore debt restructuring plan","date":"April 21, 2023","format":false,"excerpt":"\r The debt-laden Chinese developer said creditors representing 75 per cent of its US$9.1 billion offshore debt have agreed to restructuring terms, an outcome \u2018everybody should be happy with\u2019, according to one analyst.\r \r Source : South China Morning Post\r Read more...Embattled Chinese developer Sunac gets more creditors on board\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124124,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shimao-groups-shanghai-unit-defaults-on-us101m-project-loan-in-latest-blow-to-chinas-embattled-property-market\/","url_meta":{"origin":143203,"position":1},"title":"Shimao Group\u2019s Shanghai unit defaults on US$101m project loan in latest blow to China\u2019s embattled property market","date":"January 7, 2022","format":false,"excerpt":"\r A 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":166592,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-country-garden-gains-hong-kong-court-backed-debt-lifeline\/","url_meta":{"origin":143203,"position":2},"title":"Chinese developer Country Garden gains Hong Kong court-backed debt lifeline","date":"December 5, 2025","format":false,"excerpt":"\r Country Garden Holdings has cleared a major hurdle this week after securing approval for both its onshore and offshore restructuring plans, offering the embattled developer a lifeline amid mainland China\u2019s property downturn. Sources said the Hong Kong High Court on Thursday endorsed a proposal allowing the indebted developer, once\u2026","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":143203,"position":3},"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":[]},{"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":143203,"position":4},"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":138171,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-china-aoyuan-seeks-creditors-approval-for-us4-2-billion-offshore-debt-plan-as-delisting-warning-looms\/","url_meta":{"origin":143203,"position":5},"title":"Developer China Aoyuan seeks creditors\u2019 approval for US$4.2 billion offshore-debt plan as delisting warning looms","date":"July 3, 2023","format":false,"excerpt":"\r The agreement, which includes new notes, new shares, debt-to-equity conversion, perpetual securities and the transfer of shares to creditors, will need the approval of 75 per cent of offshore debt holders to move forward.\r \r Source : South China Morning Post\r Read more...Developer China Aoyuan seeks creditors\u2019 approval for\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\/143203"}],"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=143203"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/143203\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=143203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=143203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=143203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}