Shimao Group Advances Debt Restructuring and Secures Major Loan Extensions
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Shimao Group Holdings Limited has advanced its debt restructuring, effective July 21, 2025, reducing debt size and pressure. 74% of convertible bonds were converted into new shares. Onshore loans of RMB23.8 billion were extended, with some maturities pushed to 2035. The group also secured RMB451 million in loans under a local government initiative to ease housing delivery funding pressures.
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