Brief: Shimao Group Says Winding-Up Petition

Shimao group

08/04/2024 02:20

April 8 (Reuters) - Shimao Group Holdings Ltd  0813.HK :
    * WINDING-UP PETITION
    * WINDING-UP PETITION AGAINST CO DATED 5 APRIL FILED BY
CHINA
CONSTRUCTION BANK (ASIA) CORPORATION
    * PETITION FILED AT HIGH COURT IN CONNECTION WITH A
FINANCIAL
OBLIGATION OF CO
    * PETITION IN AMOUNT OF HK$1,579.5 MILLION
    * COMPANY WILL OPPOSE PETITION AND CONTINUE TO WORK TOWARDS
AN
OFFSHORE RESTRUCTURING
    * OF VIEW PETITION DOES NOT REPRESENT COLLECTIVE INTERESTS
OF CO'S
OFFSHORE CREDITORS AND OTHER STAKEHOLDERS

Further company coverage:  0813.HK 

 ((Reuters.Briefs@thomsonreuters.com;))