The hearing into Country Garden's liquidation petition comes against the backdrop of Chinese authorities stepping up efforts to revive the property sector after it slipped into an unprecedented ...

Against a backdrop of worsening sales, Country Garden has become one of the focal points of distress in financial markets. Last Monday the group pulled out of a deal at the last minute to raise ...

Furthermore, Country Garden said “its liquidity position is expected to remain very tight in the short- to medium-term,” since there has not been an industry-wide improvement in property sales.

Country Garden, China’s biggest property developer, told creditors that it had made a late interest payment, averting an immediate default on its debts and keeping the company financially viable ...

Country Garden has been calling for patience from creditors as it needs more time to work through the situation. Led by billionaire Yang Huiyan, who has a net worth of $4.1 billion, ...

On Monday, Country Garden’s stock soared 15% in Hong Kong following multiple reports that bondholders had agreed a plan for the company to extend payment for a 3.9 billion yuan ($540 million ...

(Reuters) -Chinese property developer Country Garden said on Friday it had reached an agreement with a key bondholder group and was close to finalising negotiations with a group of bank creditors.

HONG KONG, May 17 (Reuters) - A Hong Kong court adjourned to June 11 a hearing of a petition on Friday seeking liquidation of Country Garden (2007.HK), opens new tab, providing a breather to the ...

HONG KONG (Reuters) -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 ...

A Hong Kong court on Monday adjourned a hearing into a petition seeking liquidation of Country Garden until Jan. 20, 2025, giving a breather to the embattled Chinese developer which is trying to ...

On Monday, Country Garden’s stock soared 15% in Hong Kong following multiple reports that bondholders had agreed a plan for the company to extend payment for a 3.9 billion yuan ($540 million ...