Shimao Group plans to sell Hong Kong real estate projects with a valuation of HK $17.7 billion
Shimao Group announced on the Hong Kong stock exchange that the latest valuation of the property of the southwest Kowloon development project it plans to sell is HK $17.7 billion. The development project is called "Victoria Harbour exchange". Shimao Group will use about 90% of the net proceeds from the sale to repay the maturing debts.
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