Brief: Shimao Group Provides Further Information On Winding-Up Petition
08/09/2026 11:16
BRIEF-Shimao Group Provides Further Information On Winding-Up Petition Sept 8 (Reuters) - Shimao Group Holdings Ltd 0813.HK:
FURTHER INFORMATION ON WINDING-UP PETITION
UNDERSTANDS THAT ANY NET PROCEEDS REALISED BY PETITIONER FROM SECURED ASSETS SHOULD BE APPLIED TOWARDS JUDGMENT DEBTS
IS PREPARING TO OPPOSE PETITION IN HIGH COURT
PREPARING TO VIGOROUSLY OPPOSE PETITION IN HIGH COURT
AS AT DATE, PETITION HAS NO MATERIAL ADVERSE IMPACT TO COMPANY'S OPERATION AND FINANCIAL POSITION AT THIS STAGE
WILL CONTINUE TO ATTEMPT SETTLEMENT DISCUSSIONS WITH PETITIONER
BASIS OF PETITION WERE JUDGMENT DATED MARCH 19 2025 BY INTERMEDIATE PEOPLE'S COURT FOUND TO OWE PETITIONER "TOP-UP LIABILITY", OTHERS
Further company coverage: 0813.HK
((Reuters.Briefs@thomsonreuters.com;))
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