Shimao's shares fall after Chinese developer says no deal to sell Shanghai plaza

Shimao Services Holdings

11/01/2022 01:33

HONG KONG, Jan 11 (Reuters) - Shares of Chinese property
developer Shimao Group Holdings  0813.HK  fell 5% in early Asian
trading on Tuesday after it denied a media report that it has
entered into a preliminary agreement to sell a Shanghai plaza.
    Shimao said in a filing, however, it is in talks with some
potential buyers and may consider disposing off some properties.
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 (Reporting by Clare Jim; Editing by Muralikumar Anantharaman)
 ((clare.jim@thomsonreuters.com; +852 2912 6653; Reuters
Messaging: clare.jim.thomsonreuters.com@reuters.net))