HK Stock Market Move | SHIMAO GROUP (00813) fell over 7% after China Communications Trust filed for liquidation, involving a debt judgment of 2.498 billion yuan.

10:34 28/08/2026

Shimao Group (00813) fell over 7%. As of the time of this report, it has dropped 7.46%, priced at HKD 0.062, with a transaction volume of HKD 2.4828 million.

SHIMAO GROUP (00813) fell over 7%. As of the time of publication, it has dropped 7.46%, trading at HKD 0.062, with a transaction volume of HKD 2.4828 million. In the news, SHIMAO GROUP announced last night that China Communications Trust Co., Ltd. (the petitioner) filed a winding-up petition against the company with the Hong Kong High Court on August 27. This petition involves judgment debts arising from four rulings made by Chinese courts, totaling RMB 2.498 billion. The High Court has set the date for the first hearing of this petition on November 11. The company will seek legal measures to strongly oppose this petition and take all necessary actions to protect the company's legal rights and the interests of other relevant parties.

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