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Shimao Group Holdings (Shimao Group Holdings) Accounts Payable & Accrued Expense for Financial Companies


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What is Shimao Group Holdings Accounts Payable & Accrued Expense for Financial Companies?

Accounts Payable & Accrued Expense for Financial Companies only applies to insurance companies.


Shimao Group Holdings (Shimao Group Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shimao Group Holdings Ltd (OTCPK:SHMAY) » Definitions » Accounts Payable & Accrued Expense for Financial Companies
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Address
89 Queensway, 1st Floor, Block 38, Hong Kong Lippo Centre, Hong Kong, HKG
Shimao Group Holdings, formerly Shimao Property, is a large real estate developer in China. In addition to property development as the core business, the company plans to raise non-development revenue, which includes property investment, hotels and property management services. Shimao holds residential development projects and hotels, while its 59%-owned Shanghai Shimao holds commercial projects. The two entities collaborate on large mixed-use projects. The free float is about 35%, with the company's founder, Hui Wing Mau, holding the remaining stake.