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The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. REUTERS/Aly Song/File Photo Acquire Licensing Rights
HONG KONG, Aug 28 (Reuters) – Shares of Country Garden (2007.HK) are set to rise 14.8% on Monday after it sold a minority stake in a mixed development in Guangzhou for 1.3 billion yuan ($178.35 million).
On Friday, it also extended a creditor voting deadline to Aug. 31 to delay repayment for an onshore private bond worth 3.9 billion yuan, a filing seen by Reuters showed.
($1 = 7.2890 Chinese yuan)
Reporting by Clare Jim; Editing by Jacqueline Wong
Our Standards: The Thomson Reuters Trust Principles.
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