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Tag: Shimao International Plaza Shanghai

Shimao has not entered into a preliminary agreement to sell the Shanghai Shimao International Plaza.
Shimao Denies Reports of Property Sale as Ratings Agencies Downgrade Company
Shimao Group Holdings, a Chinese real estate developer, was recently reported to be selling all of its residential and commercial real estate projects. The news was first reported by Caixin and cited by Reuters. However,...
Shimao is reportedly looking to sell its residential and commercial properties.
‘Healthy’ Chinese Property Developers Affected by Raging Real Estate Crisis
Shimao Group, believed to be one of the healthiest developers in China amidst the country’s ongoing real estate crisis, has shocked investors by reportedly defaulting on its obligations. Shimao has about $10.1 billion in outstanding...