HK listed property developer Shimao Group is selling 36 properties worth 77.1 billion yuan (US$12.2 billion) as the company faces mounting debt pressure.
Some of the assets are in prime locations in Beijing, Shanghai, and the Greater Bay Area. Jiemian News learned that Shimao has prepared sales materials.
Among the locations are the world's first quarry hotel Intercontinental Shanghai Wonderland and the company’s tallest building, the Shengang International Center in Shenzhen.
