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813 — Shimao group News Story

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Brief: Shimao Group To Issue New Shares To Settle Debts

May 15 (Reuters) - Shimao Group Holdings Ltd 0813.HK:

TO ISSUE 71.5 MILLION NEW SHARES AT HK$6.00 PER SHARE TO SETTLE DEBTS

TO ISSUE 35.9 MILLION SHARES TO SETTLE RMB190 MILLION DEBT TO FIRST AND SECOND CREDITORS

TO ISSUE 35.7 MILLION SHARES TO SETTLE RMB189 MILLION DEBT TO THIRD CREDITOR

Further company coverage: 0813.HK

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

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