China's Shimao secures creditor backing for $11 bln offshore debt revamp

Shimao group

24/02/2025 09:52

Feb 24 (Reuters) - Chinese property developer Shimao
Group  0813.HK  said on Monday 98.75% of its creditors had
supported its offshore debt restructuring plan, with those in
favour holding claims totalling about $11.04 billion.

 (Reporting by Roushni Nair in Bengaluru; Editing by Devika
Syamnath)
 ((Roushni.Nair@thomsonreuters.com;))