Search results
Results from the WOW.Com Content Network
Country Garden (Chinese: 碧桂园; pinyin: Bìguìyuán; Jyutping: bik1 gwai3 jyun4) is a property development company based in Guangdong, China, owned by Yang Guoqiang's family. It ranked 206th in Fortune Global 500 list of 2023. [ 1 ]
For the second time in just over two months, Country Garden has warned investors that it could default on its $190 billion debt in a reminder that China’s real estate crisis is far from over.
This aerial photo taken on October 18, 2023 shows buildings of China's developer Country Garden Holdings in Suqian, in China's eastern Jiangsu province. - Stringer/AFP/Getty Images
For premium support please call: 800-290-4726 more ways to reach us
For premium support please call: 800-290-4726 more ways to reach us
Earlier this year, Country Garden's top management warned that China's property market would remain weak in 2024 and the company could face more, "severe" challenges.
Country Garden's initial offering raised about $1.6 billion, or as much as Google raised in 2004 in the United States. [12] As of August 2021, Yang had a net worth of US$27.3 billion. [ 13 ] [ 6 ] Yang is vice chairman of the board's governance committee and helped raise $410 million selling new shares in 2014, according to Forbes .
Yang Guoqiang (Chinese: 杨国强; pinyin: Yáng Guóqiáng; Jyutping: Yeung Kwok Keung; born October 9, 1954, in Shunde, Guangdong), is a Chinese entrepreneur, the founder and special advisor [1] of Country Garden Group, [2] one of the largest private real estate developers in Guangdong Province, Mainland China.