[ad_1] Chinese property giant Country Garden will sell a stake in a commercial center operator for about $428 million, using the proceeds to help restructure offshore debt. The indebted developer…
Tag: Country Garden Holdings
Oil Slips; Property Rally Boosts China Stocks
[ad_1] Oil prices came under fresh pressure Thursday, after recent signs of discord among leading energy producers, while growing optimism about support for property developers helped lift stocks in Hong…
China’s Country Garden Was Given a Second Chance to Make a Bond Payment. It Failed.
[ad_1] Chinese property giant Country Garden has missed a final deadline to pay interest on a dollar bond, capping a remarkable fall from grace for a company that was once…
Country Garden Services’ President Resigns
[ad_1] Country Garden Services Holdings’ Li Changjiang has resigned as its president, executive director and authorized representative amid an escalating crisis in China’s property sector. [ad_2] Source link
China’s Country Garden Succumbs to Debt Crisis After Sales Drop
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China’s Country Garden Makes Overdue Dollar-Bond Payments, Narrowly Avoiding Default
[ad_1] The property giant paid $22.5 million in coupons to international bondholders just before the end of a 30-day grace period. [ad_2] Source link
China’s Country Garden Buys Time to Repay Debt—but Not Long
[ad_1] China’s top surviving private developer bought more time to sort out its liquidity problems. [ad_2] Source link
Chinese Property Giant Country Garden Sends Another Distress Signal
[ad_1] Country Garden is warning of a record loss, saying the developer has been attempting a ‘self-rescue.’ [ad_2] Source link
Country Garden, China’s Largest Surviving Developer, Sinks Into Debt Crisis
[ad_1] Country Garden Holdings, once lauded by China’s authorities as a model for others, missed interest payments on two U.S. dollar bonds. [ad_2] Source link