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Chinese developer Country Garden said on Wednesday a liquidation petition has been filed against it for non-payment of a $205 million loan, clouding its debt revamp prospects and undermining ...
As of the end of June, Country Garden had around $15 billion worth of debt due within 12 months, according to the most recent information released by the company. Its total liabilities were around ...
HONG KONG/BEIJING (Reuters) -China's Country Garden made interest payments on U.S. dollar bonds hours ahead of a grace period deadline, a person close to the firm said, pulling back from the brink ...
Chinese property developer Country Garden, which defaulted on its debt last year, says it has received a liquidation petition from a creditor after not repaying a loan.
There is a new poster child of China’s protracted real estate crisis — Country Garden. ... environment had hobbled its ability to raise enough cash to service debt of $15 billion falling due ...
Country Garden shares slumped over ten per cent to HK$0.75 on the day of the statement. One of its US dollar bonds fetched about 7 cents on the dollar on the day, according to Bloomberg data. [ 92 ] Company filings showed that, in the twelve months leading to September 2023, contracted monthly sales measured in billions of yuan had dropped from ...
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