{"id":143375,"date":"2024-04-08T11:18:47","date_gmt":"2024-04-08T04:18:47","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shimao-group-faces-winding-up-petition-from-china-construction-bank-signalling-developer-is-in-serious-debt-trouble\/"},"modified":"2024-04-08T11:28:28","modified_gmt":"2024-04-08T04:28:28","slug":"shimao-group-faces-winding-up-petition-from-china-construction-bank-signalling-developer-is-in-serious-debt-trouble","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shimao-group-faces-winding-up-petition-from-china-construction-bank-signalling-developer-is-in-serious-debt-trouble\/","title":{"rendered":"Shimao Group faces winding-up petition from China Construction Bank, signalling developer is in \u2018serious debt trouble\u2019"},"content":{"rendered":"


\nTroubled 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).
\n
\nSource : South China Morning Post
\nRead more…Shimao Group faces winding-up petition from China Construction Bank, signalling developer is in \u2018serious debt trouble\u2019<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Troubled property developer Shimao Group Holdings is facing a liquidation suit brought by China Construction...<\/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-143375","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-Biv","jetpack-related-posts":[{"id":146570,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shimao-gets-second-reprieve-in-liquidation-winning-time-until-august-12-to-work-out-its-debt\/","url_meta":{"origin":143375,"position":0},"title":"Shimao gets second reprieve in liquidation, winning time until August 12 to work out its debt","date":"July 31, 2024","format":false,"excerpt":"\r Distressed Chinese developer Shimao Group was awarded a two-week reprieve after a Hong Kong court adjourned a winding-up hearing to August 12.\r \r Source : South China Morning Post\r Read more...Shimao gets second reprieve in liquidation, winning time until August 12 to work out its debt","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":143375,"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":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":143375,"position":2},"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":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":143375,"position":3},"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":145511,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-property-firm-shimao-group-gets-reprieve-until-next-month-from-a-hong-kong-court\/","url_meta":{"origin":143375,"position":4},"title":"Chinese property firm Shimao Group gets reprieve until next month from a Hong Kong court","date":"June 26, 2024","format":false,"excerpt":"\r Debt-stricken Chinese developer Shimao Group case adjourned to July 31as the city sees a rise in the number of creditor-led liquidation petitions.\r \r Source : South China Morning Post\r Read more...Chinese property firm Shimao Group gets reprieve until next month from a Hong Kong court","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":143375,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/143375"}],"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=143375"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/143375\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=143375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=143375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=143375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}