China's Shimao Group receives liquidation petition By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 10 2025
0mins
Source: Investing.com
Liquidation Petition Against Shimao Group: CPYM Link Investment Limited has filed a liquidation petition against China's Shimao Group in Hong Kong regarding a 258 million yuan loan guarantee, with the first hearing set for March 19, 2025.
Ongoing Property Sector Crisis: This is the second recent case of liquidation petitions against Chinese property developers, following a similar petition against Sunac China, highlighting ongoing challenges faced by the sector since a liquidity crisis began in 2021.
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.
