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Shimao Group Enters Deal For Sale Of Hotels, Others

By Reuters News

Oct 22 (Reuters) - Shimao Group Holdings Ltd 0813.HK:

  • DISPOSAL VALUED AT HK$2.7 BILLION, COMPLETION EXPECTED BY END OF 2026

  • NET SALE PROCEEDS TO BE USED FOR PARTIAL REPAYMENT OF SYNDICATED LOAN INDEBTEDNESS

  • DISPOSAL OF HOTELS CONSTITUTES OFFSHORE TRIGGERING EVENT UNDER OFFSHORE RESTRUCTURING

  • UNIT ENTERED TWO INTER-CONDITIONAL SALE & PURCHASE AGREEMENTS WITH OCEANFRONT HONG KONG FOR SALE OF HOTELS, OTHERS


Further company coverage: 0813.HK

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