After Evergrande Group China's Shimao poses risk of wreckage.
arunjose.substack.com
Shimao Group holdings limited the 14th biggest developer in China is facing the same crisis as was Evergrande group did a year before. The company is in shortage of finance and it has put a chunk of its assets for sale in expectation to raise finance. This year a 2.2 billion dollars bonds of the company is in due and the investors and market researchers are closely watching it whether the company is going to delay or default the repayment.
After Evergrande Group China's Shimao poses risk of wreckage.
After Evergrande Group China's Shimao poses…
After Evergrande Group China's Shimao poses risk of wreckage.
Shimao Group holdings limited the 14th biggest developer in China is facing the same crisis as was Evergrande group did a year before. The company is in shortage of finance and it has put a chunk of its assets for sale in expectation to raise finance. This year a 2.2 billion dollars bonds of the company is in due and the investors and market researchers are closely watching it whether the company is going to delay or default the repayment.