Zhi Tong Cai Jing·2025-09-09 06:50Core Viewpoint - Shimao Group's stock price surged over 27% during trading, attributed to the extension of a HKD 10 billion loan due to unsuccessful sale to private credit investors [1] Group 1: Stock Performance - Shimao Group's stock rose by 24.59%, reaching HKD 0.38, with a trading volume of HKD 108 million [1] Group 2: Loan and Restructuring Details - The 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] - On July 21, Shimao Group announced that all restructuring conditions had been met, with the restructuring effective from that date [1] - The restructuring will lead to the cancellation of approximately USD 11.5 billion in existing offshore debt, alleviating the company's overall debt burden and improving financial conditions [1] - In June, Shimao Group indicated ongoing negotiations with domestic lenders and creditors regarding loan extensions or restructuring [1]