Shimao Group Advances Debt Restructuring and Secures Major Loan Extensions

Reuters2025-12-24

Shimao Group Advances Debt Restructuring and Secures Major Loan Extensions

Shimao Group Holdings Limited has announced several recent measures to improve its financial position amid ongoing restructuring efforts. The company's proposed offshore debt restructuring scheme became effective on 21 July 2025, leading to a reduction in overall debt size and pressure. Approximately US$3.7 billion, or 74%, of the mandatory convertible bonds issued at the restructuring's effective date have been converted into new shares. Shimao has also successfully extended onshore loans totaling about RMB23.8 billion, with some maturities pushed as far as 2035. Additionally, the group secured approximately RMB451 million in loans under a local government whitelist initiative, helping to ease funding pressures for housing delivery.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shimao Group Holdings Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251224-11966604), on December 24, 2025, and is solely responsible for the information contained therein.

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Shimao has also successfully extended onshore loans totaling about RMB23.8 billion, with some maturities pushed as far as 2035. Additionally, the group secured approximately RMB451 million in loans under a local government whitelist initiative, helping to ease funding pressures for housing delivery.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shimao Group Holdings Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. 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