China's Shimao drops 15% after developer receives liquidation petition By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2025
0mins
Source: Investing.com
Shimao Group's Share Decline: Shares of China's Shimao Group fell 15% to HK$0.73, marking their lowest point since September 26, following a liquidation petition against the company.
Liquidation Petition Details: The petition was filed by CPYM Link Investment in the Hong Kong high court concerning a 258 million yuan ($35.2 million) cross-border loan guarantee provided by Shimao.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
