InterContinental Shanghai Wonderland, a luxurious resort created by Shimao and managed by IHG, opened in 2018 and is pictured listed here on Oct. 11, 2020. Costfoto | Foreseeable future Publishing | Getty Photos BEIJING — A single of China’s healthiest serious estate builders has reportedly defaulted, a signal of how a lot more suffering is ahead for the closely indebted marketplace. Shimao Group shares briefly plunged extra than 17{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} Friday soon after Reuters noted the home developer unsuccessful to make entire compensation on a have faith in personal loan. A subsidiary of the organization subsequently stated in a submitting it was in talks to take care of the payment. Shares…