[Contagion] Chinese developer Shimao puts all property projects on sale. Someone needs cash to pay $106M coupon notes this month…
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 … Read more