(Bloomberg) — Chinese developer Shimao Group Holdings Ltd. said it didn’t pay a $1 billion dollar note that matured Sunday, adding to a record year of offshore-bond delinquencies in the sector. ...
Tag: Shimao
China Real Estate Developer Guangzhou R&F Sees “Not Less Than” $1.2 Billion Loss In 2021
A cement tower with a Chinese corporate logo next to the residential and leisure complex being … [+] developed by Guangzhou R&F Properties Co. and constructed by Multiplex, at Nine Elms in L...
Moody’s downgrades China property developer Shimao over debt troubles
Signage at the Intercontinental Shanghai Wonderland Hotel, developed by Shimao Group Holdings, in Shanghai, China, on Feb. 9, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — Moody’s downgr...
Shimao says it’s in talks for property sales to help with debt problems
An elderly couple walk past a sign in front of Shimao Tower, developed by Shimao Group Holdings Ltd., in Shanghai, China, on Saturday, Jan. 8, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — Chi...
China’s property problems spread to once-healthy developers like Shimao
InterContinental Shanghai Wonderland, a luxury hotel developed by Shimao and managed by IHG, opened in 2018 and is pictured here on Oct. 11, 2020. Costfoto | Future Publishing | Getty Images BEIJING —...