Shimao Group (00813) fell nearly 6%, and as of press time, it fell 5.81% to HKD 0, with a turnover of HKD 26.1976 million.
According to the Finance and Economics APP, Shimao Group (00813) fell by nearly 6%, and as of press time, it fell by 5.81% to HKD 0, with a turnover of HKD 26.1976 million.
On the news front, on July 17th, as per the announcement from China International Financial Co., Ltd, as the Bond Trustee Manager of Shanghai Shimao Co., Ltd's bonds, it received news that the company's subsidiary received an execution order and that its legal representative has changed. The subsidiary received an execution order from the Beijing High People's Court, with the total amount of debt involved being CNY 2,297,945,157, CNY 701,672,825, and CNY 6,893,393,327. This matter may have an impact on the asset losses of Shanghai Shimao Co., Ltd, but the specific loss amount will be disclosed in a timely manner after verification.
On the other hand, the legal representative of Shanghai Shimao Co., Ltd. has been changed from the former Wu Linghua to the present Yan Hua. It is understood that Yan Hua has served as the head of EDRC at Yinghuan Network Technology (Shanghai) Co., Ltd and the after-sales director at Shanghai Weiyin Information Technology Co., Ltd and now holds the position of the legal representative of Shanghai Shimao Co., Ltd. and chairman of the 10th Board of Directors.