China's Shimao Group receives winding up petition

Shimao group

10/01/2025 15:06

Jan 10 (Reuters) - China's Shimao Group  0813.HK  said
on Friday that a winding up petition was filed against it by
CPYM Link Investment Limited in the Hong Kong high court
regarding a 258 million yuan ($35.19 million) cross-border loan
guarantee provided by the property developer.

($1 = 7.3326 Chinese yuan renminbi)

 (Reporting by Sherin Sunny in Bengaluru; Editing by Pooja
Desai)
 ((Sherin.Sunny@thomsonreuters.com;))