Brief: Shimao Group Enters Deal For Sale Of Hotels, Others
Today 02:07
BRIEF-Shimao Group Enters Deal For Sale Of Hotels, Others Oct 22 (Reuters) - Shimao Group Holdings Ltd 0813.HK:
DISPOSAL VALUED AT HK$2.7 BILLION, COMPLETION EXPECTED BY END OF 2026
NET SALE PROCEEDS TO BE USED FOR PARTIAL REPAYMENT OF SYNDICATED LOAN INDEBTEDNESS
DISPOSAL OF HOTELS CONSTITUTES OFFSHORE TRIGGERING EVENT UNDER OFFSHORE RESTRUCTURING
UNIT ENTERED TWO INTER-CONDITIONAL SALE & PURCHASE AGREEMENTS WITH OCEANFRONT HONG KONG FOR SALE OF HOTELS, OTHERS
Further company coverage: 0813.HK
((Reuters.Briefs@thomsonreuters.com;))
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