Shimao Group Announces Restructuring Effective Date and Commencement of Voluntary Conversion Period

Reuters
Jul 21
Shimao Group Announces Restructuring Effective Date and Commencement of Voluntary Conversion Period

Shimao Group Holdings Limited has announced key developments in its restructuring process for offshore debt. The restructuring effective date has been set, and the company has commenced the upfront voluntary conversion period under its mandatory convertible bonds. This follows a series of announcements made since March 2024. Investors and holders of the company's securities are advised to exercise caution while dealing with them. The company has expressed gratitude for the continuous support from creditors and assistance from its financial and legal advisors. For further details, stakeholders can contact Admiralty Harbour Capital Limited, Sidley Austin, or Kroll Issuer Services Limited.

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