Tag Archives: jumps

Shimao jumps on report it’s selling all of its real estate projects

Pedestrians near the Riviera Garden residential property, developed by Shimao Group Holdings Ltd., in Shanghai, China, on Saturday, Jan. 8, 2022. Qilai Shen | Bloomberg | Getty Images Shares of Shimao spiked more than 20% on Monday after Chinese business publication Caixin reported the embattled developer is selling all of its real estate projects, both residential and commercial. As debt …

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