Brief: Shimao Group Announces Receivership Over Hotel Assets And Commencement Of Formal Sales Process
24/06/2026 03:18
BRIEF-Shimao Group Announces Receivership Over Hotel Assets And Commencement Of Formal Sales Process June 24 (Reuters) - Shimao Group Holdings Ltd 0813.HK:
RECEIVERSHIP OVER HOTEL ASSETS AND COMMENCEMENT OF FORMAL SALES PROCESS
APPOINTS JUN GE AND PATRICK BANCE AS RECEIVERS OVER HOTEL ASSETS EFFECTIVE 1 JUNE 2026
DAY-TO-DAY OPERATIONS OF HOTELS REMAIN UNINTERRUPTED UNDER RECEIVERSHIP
NOTES RECENT MEDIA REPORTS REGARDING CERTAIN HOTEL ASSETS OF GROUP
PROPERTIES KNOWN AS SHERATON HONG KONG TUNG CHUNG HOTEL FOUR POINTS BY SHERATON HONG KONG TUNG CHUNG
Further company coverage: 0813.HK
((Reuters.Briefs@thomsonreuters.com;))
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