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2024-04-08 | Current Affairs

Shimao Group Faces Liquidation Over Unpaid USD 202M Loan 

Today’s News  Chinese property giant, Shimao Group, finds itself embroiled in a legal dispute as China Construction Bank (Asia) has initiated a liquidation petition against the company in Hong Kong, citing a debt of HKD1,579.5 million (USD 201.75 million). This action marks a departure from the usual course, with a state-owned bank taking legal measures […]