The story
Founded by Xu Rongmao in 2001.1
Shimao Property Holdings Ltd. was founded in 2001 by Chinese entrepreneur and billionaire, Hui Wing Mau. Hui Wing Mau's son Jason is the group's current Vice Chairman.
The company was listed on the Stock Exchange of Hong Kong (SEHK: 813) in 2006 with an IPO price of HK $6.25 per share and an initial public offering of HK $3.72 billion, or roughly $480 million.
In April 2022, Shimao was among stocks that were suspended from trading after missing the deadline to report annual results, due to the 2020–2022 Chinese property sector crisis.
In April 2024, China Construction Bank (Asia) filed a liquidation petition in Hong Kong over a financial obligation amounting to HK$1,579.5 million ($201.75 million).
From Wikipedia’s article on Shimao Group, shared under CC BY-SA 4.0.4