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China Property Developer Shimao Group Holdings Share Value Declined to $515 Million after 16 Months Share Trading Suspension, 97% Decline from $17 Billion Market Value in 2020
4th August 2023 | Hong Kong
China property developer Shimao Group Holdings share value had declined to $515 million (HKEX 4/8/23: HKD 4.03 billion) after 16 months share trading suspension, a 97% decline in market value from $17 billion in 2020. Shimao Group was founded in 2001 by Hui Wing Mau. In 2006, Shimao Group listed on Hong Kong Exchange.
“ China Property Developer Shimao Group Holdings Share Value Declined to $515 Million after 16 Months Share Trading Suspension, 97% Decline from $17 Billion Market Value in 2020 “
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Shimao Group Holdings
Shimao Group Holdings Limited (“Shimao Group” or “the Company”, together with its subsidiaries, collectively as “the Group”; Hong Kong Stock Code: 813) was listed on the main board of The Stock Exchange of Hong Kong Limited on 5 July 2006. The Group develops large scale, high quality, integrated real estate projects, focusing on cities with high, dynamic economic growth potential in China. The Group is dedicated to the development of residential, hotel, office and commercial properties. Adhering to its mission, “Cultivating Life Taste”, the SHIMAO brand has led China’s property market with its pioneering “Riviera Model”, effectively integrating landscape, waterside, gardening and architectural elements into the daily life of every family, the outcome of which is a series of high-quality, classically-designed property projects. Incorporating innovation and foresight in our strategies, the Group is committed to “Accomplishing Urban Dreams” as we aspire to contribute to the process of urbanisation as an “urban operator”.
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