Search results
Results from the WOW.Com Content Network
Country Garden, once China’s largest property developer, ... “We have cut our forecasts for China’s housing market, and now expect a 5%-10% fall in new home sales in 2024,” said Fitch ...
Country Garden said Thursday that it would sell a stake in China's largest operator of shopping malls worth about $428 million. In a stock filing, the developer said the proceeds would help with ...
Country Garden warned Wednesday that it could default on its vast debts as it reported a loss of 51.5 billion yuan ($7 billion) for the first six months of the year.
One of the largest Chinese real estate companies, Country Garden defaulted on $11 billion in offshore bonds in 2023 and said earlier this month that its debt restructuring proposal would reduce ...
Move over Evergrande. There is a new poster child of China’s protracted real estate crisis — Country Garden.
Country Garden is now the Hong Kong equivalent of a penny stock, trading below one Hong Kong dollar ($0.13) for over a week. Shares have lost over 70% of their value since the beginning of the year.
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 ]
One of China’s biggest property developers says it has burned through up to $7.6 billion in the first half of the year, compounding the crisis coursing through the country’s embattled real ...