SHANGHAI, Jan 10 (Reuters) – Shimao Group Holdings has put on sale all of its real estate projects, including both residential and commercial properties, as the cash-strapped Chinese property developer accelerates asset disposals, Caixin reported.
Shimao, which defaulted on a trust loan last week, has asked agents since late December to help seek buyers for its properties, Caixin reported over the weekend.
The company didn’t immediately respond to a request for comment.
We are primarily funded by readers. Please subscribe and donate to support us!
See also SHOCK REPORT: DOJ accused of colluding with the CCP to arrest Chinese billionaire and anti-communist Miles Guo…