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 ...

China’s giant property developer Country Garden has been declared in default on its debt after failing to make a bond repayment by a final deadline of October 18.

Last week, Country Garden, with $187 billion in liabilities, said it expected to miss an overseas debt payment, fueling speculation that it was preparing to default on its loans.The company said ...

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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 ...

BEIJING/HONG KONG/NEW YORK (Reuters) -Country Garden has won approval from its creditors to extend the maturity of one more onshore bond, two sources said, as the Chinese developer battles to ...

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 ...

Country Garden Holdings Co.’s sales slide intensified in May, with the developer faring worse than the broader China housing sector. The Foshan-based company, once China’s largest property ...

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 ...

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 ...

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 ...