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SHIMAO GROUP Secures 3-Yr Extension on HKD10B Bank Loan as Part of Offshore Debt Restructuring: Report
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SHIMAO GROUP (00813.HK) has secured a three-year extension on a HKD10 billion loan secured by the Beacon Peak project in Beacon Hill and originally due at the end of September, a move as part of the company's offshore debt restructuring, The Paper reported, citing sources. According to previous reports, all conditions for SHIMAO GROUP's offshore debt restructuring have been satisfied, with around USD11.5 billion of existing offshore debt expected to be released and canceled. SHIMAO GROUP's stock price ended the day at HKD0.425, up 3.7%, with a volume of 237 million shares, involving HKD101 million. AAStocks Financial News |
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