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Oversupply clouds China firm's sukuk debut

Country Garden's RM1 billion programme is meant to finance an integrated resort project in Johor

Country Garden Danga Bay's tree-lined boulevards and sprawling gardens with exotic flowers.

Kuala Lumpur

THE debut Islamic bond by a Chinese issuer in Malaysia looks set to be clouded by concerns about oversupply of property in both countries.

Country Garden Holdings Co, majority-owned by billionaire Yang Huiyan, plans a sukuk programme of at least RM1 billion (S$328,000