智通财经网·2025-09-09 06:49Core Viewpoint - Shimao Group's stock price surged over 27%, closing up 24.59% at HKD 0.38, with a trading volume of HKD 108 million, following news of a loan extension by UOB Bank due to unsuccessful sale to private credit investors [1][1][1] Group 1: Financial Developments - A HKD 10 billion loan secured by the Beacon Peak development was extended by UOB Bank after failing to sell to private credit investors, originally due on September 30 [1][1][1] - On July 21, Shimao Group announced that all restructuring conditions had been met, with the restructuring effective from that date [1][1][1] - The restructuring plan will lead to the cancellation of approximately USD 11.5 billion in existing offshore debt, alleviating the company's overall debt burden and improving its financial condition [1][1][1] Group 2: Company Strategy - Shimao Group has been actively negotiating with domestic lenders and creditors regarding loan extensions or restructuring since June [1][1][1]