🏙️ #Shimao Group's latest move: restructuring plan to reduce up to $7B in offshore debt! Flat shares today, but will it help in the long run? 🤔

Key points:

- $11.7B in offshore notes, bonds, credit facilities

- Proposes exchanging debt for new loans, secured debts, equity-linked instruments

- Aims to decrease debt by $6-7B for financial strength & better biz ops

What do you think of this plan? Will it work for the Chinese developer? Share your thoughts below!👇 #economy #China #propertymarket