Shanghai, China
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.










China Property Developer & Hong Kong-Listed Shimao Group Removed from Shanghai Stock Exchange for Trading Below CNY 1 for 20 Consecutive Trading Days after 30 Years of Listing Since IPO in 1994, Current Market Value at $221 Million at Closing on 16th May 2024, China 2nd Largest Bank China Construction Bank Filed Liquidation Petition Against China Property Developer & Hong Kong-Listed Shimao Group for Failure to Repay $200 Million of Loans

17th May 2024 | Hong Kong

China property developer & Hong Kong-listed Shimao Group has been removed from the Shanghai Stock Exchange for trading below CNY 1 for 20 consecutive trading days after 30 years of listing since IPO in 1994, and closing the day with a market value of $221 million (16th May 2024).  In April 2024, China 2nd largest bank China Construction Bank (CCB) filed a liquidation petition against China property developer & Hong Kong-listed Shimao Group for failure to repay $200 million of loans.  In March 2024, Deutsche bank has been reported to be preparing to file a liquidation lawsuit against Shimao Group after defaulting on a $1 billion offshore bond in 2022 July and triggering a default on $11.7 billion of all offshore bonds.  In 2023 December, Shimao Group had presented a restructuring plan to creditors.  Shimao Group share trading was suspended for 16 months till 2023 August, and the market value had decreased -90% from $17 billion in 2020 to current market value of $177 million (8/4/24).  In 2023 August, Shimao Group Holdings share value had declined to $515 million (HKEX 4/8/23: HKD 4.03 billion) after 16 months share trading suspension, a 97% decline in market value from $17 billion in 2020.  Shimao Group was founded in 2001 by Hui Wing Mau.  In 2006, Shimao Group listed on Hong Kong Exchange. 

“ China Property Developer & Hong Kong-Listed Shimao Group Removed from Shanghai Stock Exchange for Trading Below CNY 1 for 20 Consecutive Trading Days after 30 Years of Listing Since IPO in 1994, Current Market Value at $221 Million at Closing on 16th May 2024, China 2nd Largest Bank China Construction Bank Filed Liquidation Petition Against China Property Developer & Hong Kong-Listed Shimao Group for Failure to Repay $200 Million of Loans “

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2024 Investment Day
23rd July Hong Kong | 25th July Singapore

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 23rd July 2024 in Hong Kong, 25th July 2024 in Singapore.
Visit | Register here


The 2024 Family Office Summit
16th Oct Hong Kong | 23rd Oct Singapore

Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here





 

China 2nd Largest Bank China Construction Bank Files Liquidation Petition Against  China Property Developer & Hong Kong-Listed Shimao Group for Failure to Repay $200 Million of Loans, Deutsche Bank to File Liquidation Lawsuit Against Shimao Group after Defaulting on $1 Billion Offshore Bond in 2022 July & Triggering Default on $11.7 Billion of Offshore Bonds, Presented Restructuring Plan to Creditors in 2023 December, Share Trading Suspended for 16 Months till 2023 August, Market Value Decreased -90% from $17 Billion in 2020 to Current Market Value of $177 Million 

Shanghai, China

9th April 2024 – China 2nd largest bank China Construction Bank (CCB) has filed a liquidation petition against China property developer & Hong Kong-listed Shimao Group for failure to repay $200 million of loansIn March 2024, Deutsche bank has been reported to be preparing to file a liquidation lawsuit against Shimao Group after defaulting on a $1 billion offshore bond in 2022 July and triggering a default on $11.7 billion of all offshore bonds.  In 2023 December, Shimao Group had presented a restructuring plan to creditors.  Shimao Group share trading was suspended for 16 months till 2023 August, and the market value had decreased -90% from $17 billion in 2020 to current market value of $177 million (8/4/24).  In 2023 August, Shimao Group Holdings share value had declined to $515 million (HKEX 4/8/23: HKD 4.03 billion) after 16 months share trading suspension, a 97% decline in market value from $17 billion in 2020.  Shimao Group was founded in 2001 by Hui Wing Mau.  In 2006, Shimao Group listed on Hong Kong Exchange.

 

 

Deutsche Bank to File Liquidation Lawsuit Against China Property Developer & Hong Kong-Listed Shimao Group after Defaulting on $1 Billion Offshore Bond in 2022 July & Triggering Default on $11.7 Billion of Offshore Bonds, Presented Restructuring Plan to Creditors in 2023 December, Share Trading Suspended for 16 Months till 2023 August, Market Value Decreased -99% from $17 Billion in 2020 to Current Market Value of $140 Million 

Shanghai, China

9th March 2024 – Deutsche bank has been reported to be preparing to file a liquidation lawsuit against China property developer & Hong Kong-listed Shimao Group after defaulting on a $1 billion offshore bond in 2022 July and triggering a default on $11.7 billion of all offshore bonds.  In 2023 December, Shimao Group had presented a restructuring plan to creditors.  Shimao Group share trading was suspended for 16 months till 2023 August, and the market value had decreased -99% from $17 billion in 2020 to current market value of $140 million (8/3/24).  In 2023 August, Shimao Group Holdings share value had declined to $515 million (HKEX 4/8/23: HKD 4.03 billion) after 16 months share trading suspension, a 97% decline in market value from $17 billion in 2020.  Shimao Group was founded in 2001 by Hui Wing Mau.  In 2006, Shimao Group listed on Hong Kong Exchange.

 

 

China Property Developer Shimao Group Holdings Share Value Declined to $515 Million after 16 Months Share Trading Suspension, 97% Decline from $17 Billion Market Value in 2020

4th August 2023 – China property developer Shimao Group Holdings share value had declined to $515 million (HKEX 4/8/23: HKD 4.03 billion) after 16 months share trading suspension, a 97% decline in market value from $17 billion in 2020.  Shimao Group was founded in 2001 by Hui Wing Mau.  In 2006, Shimao Group listed on Hong Kong Exchange.

 

 

Shimao Group Holdings 

Shanghai, China

Shimao Group Holdings Limited (“Shimao Group” or “the Company”, together with its subsidiaries, collectively as “the Group”; Hong Kong Stock Code: 813) was listed on the main board of The Stock Exchange of Hong Kong Limited on 5 July 2006.  The Group develops large scale, high quality, integrated real estate projects, focusing on cities with high, dynamic economic growth potential in China. The Group is dedicated to the development of residential, hotel, office and commercial properties.  Adhering to its mission, “Cultivating Life Taste”, the SHIMAO brand has led China’s property market with its pioneering “Riviera Model”, effectively integrating landscape, waterside, gardening and architectural elements into the daily life of every family, the outcome of which is a series of high-quality, classically-designed property projects. Incorporating innovation and foresight in our strategies, the Group is committed to “Accomplishing Urban Dreams” as we aspire to contribute to the process of urbanisation as an “urban operator”.




Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    Investment ProfessionalAdvisorProfessional InvestorFinancial ProfessionalManagementOthers


    $20 million to $100 million AUM$100 million to $300 million AUM$300 million to $1 billion AUM$1 billion to $10 billion AUM$10 billion to $100 billion AUMMore than $100 billion AUM


    Mailing List / Free TrialMonthly SubscriptionYearly SubscriptionMembershipEvents


    2024 Investment Day Hong Kong 23rd July2024 Investment Day Singapore 25th July2024 Investment Day Hong Kong 4th Sept2024 Investment Day Singapore 11th Sept2024 Family Office Summit Hong Kong 16th Oct2024 Family Office Summit Singapore 23rd Oct / 6th Nov










    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • June 2024 - Hong Kong
    • June 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014




    Previous articleChina Local Governments & State-Owned Enterprises Start Buying Unsold Commercial Properties & 2nd-Hand Homes, Hangzhou Announced to Acquire Residential Properties & Removed Property Purchase Restrictions, Lin’an to Start Buying Properties, Zhengzhou Urban Development Group to Buy 2nd-Hand Houses, Nanjing, Shenzhen & Shanghai to Launch Exchange Programs for Old Houses to be Exchanged for New Houses
    Next articleChina Securities Regulatory Commission Published New Rules on Programmed or Automated Trading Effective 8th October 2024, Investors Using Computer Programs to Generate Trades are Subjected to Real-Time Monitoring & Must Report to Stock Exchanges Before Starting Trading
    Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia