Embattled Chinese property developer Country Garden faces a critical test of investor confidence on Thursday, with creditors set to vote on its proposal to extend the maturity for an onshore private bond.
faces a critical test of investor confidence on Thursday, with creditors set to vote on its proposal to extend the maturity for an onshore private bond.
On Wednesday, the company - China's largest private developer - posted a staggering $6.7 billion in first-halfa 3.9 billion yuan private bond due on Saturday.
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Pressure on China’s Property Market Builds as Country Garden Faces Fresh StressThe developer said it would issue some $35 million in new shares to free up cash.
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China’s Country Garden issues $34 mln new shares to repay some debt By Investing.comChina’s Country Garden issues $34 mln new shares to repay some debt
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Country Garden posts record net loss of $6.7 billion in first half of 2023 By ReutersCountry Garden posts record net loss of $6.7 billion in first half of 2023
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Country Garden Holdings 1H Loss CNY48.93B Vs. Net CNY612M |2007.HKBy Kosaku Narioka Country Garden Holdings said Wednesday that there is some uncertainty over its ability to continue as a going concern as it posted net loss...
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