Changes in Hong Kong stocks | Shimao Group (00813) rose more than 30% at the end of the session and rose nearly 60% in a month. The company said it would oppose the winding-up petition

The Zhitong Finance App learned that Shimao Group (00813) rose more than 30% at the end of the session, with a cumulative increase of nearly 60% during the month. As of press release, it rose 24.53% to HK$0.066, with a turnover of HK$10.3765 million.

According to the news, on September 29, Shimao Group issued an announcement stating that on August 27, a third party company filed a winding-up petition against the company with the Hong Kong Special Administrative Region High Court, involving judgment debts arising from four judgments handed down by mainland Chinese courts. The Company stated that it would seek legal action against the petition and take all necessary actions to protect legal rights.

In terms of debt restructuring, the company's overseas debt restructuring plan came into effect on July 21, 2025, and about 5 billion US dollars of compulsory convertible bonds have all been converted. Since the beginning of 2026, domestic loans of about $8.997 billion have been extended, and the first batch of medium-term notes restructuring of about $379 million was completed in the first half of the year.