China's Shimao faces liquidation suit over failure to pay $202 mln loan

Shimao group

08/04/2024 24:46

April 8 (Reuters) - Shimao Group  0813.HK  said on
Monday China Construction Bank (Asia) had filed a liquidation
lawsuit against the Chinese developer regarding a financial
obligation of HK$1,579.5 million ($201.75 million). 


    ($1 = 7.8289 Hong Kong dollars)

 (Reporting by Himanshi Akhand in Bengaluru; Editing by Sherry
Jacob-Phillips)
 ((Himanshi.Akhand@thomsonreuters.com;))