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Chinese property developer Shimao Group said on Friday it would sell a hotel in Shanghai to state-owned Shanghai Land Group for 4.5 billion yuan , as it seeks to reduce its debt amid a crisis in. | January 28, 2022 ....
BEIJING: China’s efforts to spur asset sales by cash-strapped developers are starting to gain momentum with a flurry of deals involving state-run rivals, potentially easing the industry’s debt crisis. ....
State-backed companies are coming to the rescue of beleaguered Chinese developers pushed to the edge of ruin by Beijing’s ‘three red lines’ borrowing restrictions. ....
Chinese real estate company Shimao Group Holdings on Friday announced the sale of its unit to a state-owned entity in order to reduce its debt. . | January 21, 2022 ....
Cash-strapped Chinese developers are scrambling to negotiate new terms with their bondholders to avoid defaults, with Shimao Group and Yuzhou Group the latest seeking extensions on their maturing. | January 13, 2022 ....