Property developer Shimao put all property projects on sale, sending stocks, bonds soaring

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China's Shimao Group has put all property projects on sale, including both residential and commercial properties as the troubled property developer tries to accelerate asset disposals amid a cash crunch.

Since late December, Shimao has asked agents to help seek buyers for its properties, according to Chinese news outlet Caixin.

Two industry insiders familiar with the issue confirmed the news to . . .

 

 

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