Chinese developer Shimao plans to use own funds to pay onshore bonds

December 28, 2021 11:49 AM

HONG KONG (REUTERS) – Chinese developer Shimao Group’s flagship unit said it plans to use its own capital to make onshore bond payments due in the next three months, and it is in talks to sell its commercial and hotel assets.

Source : https://www.straitstimes.com/business/property/chinese-developer-shimao-plans-to-use-own-funds-to-pay-onshore-bonds