智通财经APP讯，世茂集团(00813)发布公告，于2025年8月4日根据于2025年7月21日所发行的2026年到 期零息强制可换股债券的转换而配发及发行新股份7.05亿股。 ...

Core Viewpoint - Shimao Group (00813) announced the issuance of 705 million new shares as a result of the conversion of zero-coupon mandatory convertible bonds maturing in 2026, which were issued on July 21, 2025 [1] Group 1 - The new shares will be issued on August 4, 2025, following the bond conversion [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 世茂集團控股有限公司 呈交日期： 2025年8月4日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00813 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 世茂集團控股有限公司（於開曼群島註冊成立之有限公司） 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00813 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 25,000,000,000 | HKD | | 0.1 HKD | | 2,500,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 25,000,000,000 | HKD | | 0.1 HKD | | 2,500,000,000 | ...

Core Viewpoint - The article discusses the ongoing situation regarding the Shenzhen Longgang financing trust plan, focusing on the government's proposal to recover the "China's tallest building" project from Shimao Group at a significantly reduced price of 6.8 billion, which raises questions about the reasonableness of this compensation and the potential to revitalize the landmark project [2][4][8]. Group 1: Background and Timeline - In December 2017, Shimao Group won the Shenzhen Longgang G01046-0095 land plot for 23.9 billion, setting a record for land auction prices in Shenzhen at that time [3]. - In July 2020, the CITIC Trust Shenzhen Longgang financing plan was established, raising 8.7 billion to support the project [3]. - By February 2022, Shimao Group faced a liquidity crisis, leading to the suspension of the project and the initiation of risk management procedures by CITIC Trust [4]. - The project was put up for auction twice in 2023, with starting prices of 13.044 billion and 10.435 billion, both resulting in no bids [4][6]. Group 2: Government, Shimao, and Creditor Perspectives - The government proposed a compensation of 6.8 billion for the recovery of 12 land parcels, which is 38% of the original auction price and 42% of the estimated value in 2023 [4][8]. - Shimao Group argues that the inability to progress is due to the lack of effective construction land planning permits and has filed a lawsuit against the government for compensation [9]. - Creditors are hesitant about the recovery plan, which requires a two-thirds majority vote for approval, and there are concerns about receiving only 85% of the principal back over an extended period [9][10]. Group 3: Market Conditions and Future Prospects - The current market conditions are challenging, with high vacancy rates in office buildings and a lack of interest from potential buyers for the remaining land parcels [16]. - The government is considering regulatory changes to the project, including reducing the height of the building and converting commercial land to residential use, which may help in revitalizing the project [15][16]. - Despite these efforts, the large scale of the project and the need for significant investment to attract buyers pose substantial challenges [14][16].

Group 1: Market Trends - The paper sector continues its upward trend, with Nine Dragons Paper (02689.HK) leading the gains, rising over 9% after announcing a price increase of 30 CNY/ton for corrugated paper and recycled cardboard starting August 1, reflecting an optimized supply-demand structure in the industry [1] - The brokerage sector saw collective strength, with major Chinese brokerages like Dongfang Securities (03958.HK) and Zhongyuan Securities (01375.HK) rising over 6% and 5% respectively, indicating significant capital inflow into the sector [1] - Urban Beauty (02298.HK) surged 13% as its online GMV for 2024 is projected to reach 1.57 billion CNY, marking a 100% year-on-year increase, showcasing the effectiveness of its new retail transformation [1] Group 2: Company Performance - China Duty Free Group (01880.HK) soared 17% after Macquarie's report indicated a narrowing year-on-year revenue decline from 19.5% in Q4 2024 to 11% in Q1 2025, with a stable gross margin of 33% [1] - The gaming sector experienced a broad increase, with companies like 澳博控股 (00880.HK) and 银河娱乐 (00027.HK) rising over 3%, supported by UBS data showing Macau's average daily gaming revenue in July at 683 million MOP, a 14% year-on-year increase [2] - 雍禾医疗 (02279.HK) saw a 13% increase after forming a strategic partnership with Meituan Health to build a medical-grade hair health service system [2] Group 3: Real Estate and Financing - The Hong Kong real estate sector collectively strengthened, with Country Garden (02007.HK) leading with nearly a 10% rise, driven by improved financing conditions as indicated by the People's Bank of China's report showing a recovery in real estate loan growth [3] - Meilan Airport (0357.HK) rose 10% as CITIC Securities highlighted the significance of Hainan's trade opening, which is expected to benefit the local tourism industry [3] Group 4: Gold Sector Decline - The gold sector faced pressure, with companies like 潼关黄金 (00340.HK) and 大唐黄金 (08331.HK) dropping over 4%, attributed to a decline in spot gold prices below 3,380 USD/oz, driven by reduced safe-haven appeal due to easing trade tensions [4] Group 5: US Market Highlights - Futu Holdings (FUTU.US) rose 2.82% after announcing a long-term strategic partnership with Huaxia Fund to promote the integration of traditional finance and blockchain technology [5] - Japanese automotive stocks surged, with Toyota (TM.US) and Honda (HMC.US) rising over 13% following news of a trade agreement reducing tariffs on Japanese cars [6] - Nuclear power stocks in the US saw significant gains, with Oklo Inc (OKLO.US) rising 9.21%, reflecting a growing interest in nuclear energy [5]

港股内房股多数走强，美的置业(03990.HK)涨超5%，融创中国(01918.HK)涨超3%，绿城中国 (03900.HK)、世茂集团(00813.HK)、龙湖集团(00960.HK)涨超2%。 ...

Company Dynamics - CITIC Trust has sent a notification regarding the first beneficiary meeting of the CITIC Trust Shenzhen Longgang Financing Collective Fund Trust Plan 2025, focusing on a land recovery risk mitigation plan [2] - The Shenzhen Longgang District plans to recover 12 plots of land acquired by Shimao Group in 2017, with the original acquisition cost being approximately 23.9 billion yuan, while the recovery compensation is set at only 6.8 billion yuan, indicating a significant price drop [4] - The meeting will take place from July 29 to July 31, where key matters such as government land recovery and asset transfer will be voted on [4] Investment Implications - If the proposed plan is approved, investors may receive a "discounted payout," with a cumulative payout ratio of about 85% of the total principal, but the payout period will extend until around January 2027 [6] - The CITIC Trust Shenzhen Longgang Financing Collective Fund Trust Plan was established on July 17, 2020, with a total scale of 8.7 billion yuan, primarily financing the construction of the Shenzhen-Hong Kong International Center project [6] - Following a default by Shimao in February 2022, CITIC Trust initiated legal proceedings and obtained 11 plots of land as debt repayment, although the transfer procedures have not yet been completed [7] Market Reactions - The upcoming beneficiary meeting and the land recovery risk mitigation plan are generating significant interest among investors, with ongoing developments expected to be closely monitored [8]

Core Insights - The 2025 Fortune China 500 list includes 57 companies that reported losses, highlighting ongoing challenges in the Chinese market, particularly in the real estate sector [1] - Among the top ten loss-making companies, nine are in real estate, indicating significant liquidity pressures within the industry [1] - Major airlines like China Eastern Airlines, China Southern Airlines, and Air China have not yet returned to profitability but have significantly reduced their losses [1] Company Summaries - Vanke Company reported a loss of $6.88 billion, ranking first among the loss-making companies [2] - Shimao Group and Country Garden reported losses of $4.99 billion and $4.56 billion, ranking second and third respectively [2] - Kaisa Group and Sunac China ranked fourth and fifth with losses of $4.44 billion and $3.57 billion [2] - NIO reported a loss of $3.15 billion, ranking sixth, while Xpeng Motors reported a loss of $804.7 million, ranking twentieth [1][2]

Core Viewpoint - Shimao Group has successfully completed a $11.5 billion offshore debt restructuring approved by the Hong Kong High Court, significantly reducing its financial leverage and alleviating liquidity pressure [1] Group 1: Debt Restructuring Details - The total amount of offshore debt restructuring is approximately $14.4 billion, which includes US dollar notes, syndicated loans, bilateral loans, and shareholder loans [1] - The restructuring has received broad support from offshore creditors [1] Group 2: Financial Impact - The debt restructuring and subsequent efforts are expected to reduce the company's total debt by approximately $7.8 billion [1] - This reduction will significantly lower Shimao's financial leverage and create space for the company to address structural challenges faced in the industry over the past few years [1]