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SHIMAO GROUP Sells Sheraton HK Tung Chung Hotel Project Again w/ Intended Price Said to Drop 30% to $4.5B
Savills is selling the Sheraton Hotel project at 9 Yi Tung Road, Tung Chung, held by SHIMAO GROUP (00813.HK) and others, by way of open invitation until 15 April 2025. Although no ...
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SHIMAO GROUP Sells Sheraton HK Tung Chung Hotel Project Again w/ Intended Price Said to Drop 30% to $4.5B
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Savills is selling the Sheraton Hotel project at 9 Yi Tung Road, Tung Chung, held by SHIMAO GROUP (00813.HK)  0.000 (0.000%)    Short selling $1.76M; Ratio 8.912%   and others, by way of open invitation until 15 April 2025.

Although no information is provided on the intended price of the project, the latest rumored selling price of around $4.5 billion at the end of December 2024 represents a reduction of over 30% from the previous price.

SHIMAO GROUP last printed at $0.83, slipping 3.49%, with 14.178 million shares traded, involving $11.0486 million.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-21 16:25.)

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