According to Zhitong Finance App, Shimao Group (00813) issued an announcement. China Communications Trust Co., Ltd. (Petitioner) filed a winding-up petition against the company with the Hong Kong Special Administrative Region High Court on August 27, 2026. The petition involved judgment debts arising from four decisions handed down by mainland Chinese courts, with a total amount of RMB 2,498 billion.

The High Court has set the date for the first hearing of the petition on November 11, 2026.

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