The Business Times

Country Garden

Property

Country Garden secures US$1.14 billion loan-to-equity conversion as part of restructuring

The primary concern remains resolving issues around debt, Country Garden says.
Property

China’s Country Garden forecasts bigger loss after deliveries slump

Once China’s largest developer by contracted sales, Country Garden has been in talks with creditors to restructure US$14.1 billion of offshore debt since it defaulted in 2023.
Property

Country Garden seeks delay of wind-up case to later this year: sources

Country Garden has been counting on a turnaround in sales as the 33–year-old developer continues lengthy restructuring talks more than a year after defaulting on its debt.
Property

Country Garden’s May sales drop 28% with no revival in sight

Country Garden has been in talks with creditors since it defaulted on its US dollar debt about 19 months ago.
Property

Country Garden bank creditors warn of deal breaker on debt plan

Distressed Chinese developer Country Garden is now in a restructuring process that aims to cut its US$16.4 billion of offshore debt by 70 per cent.
Property

China’s Country Garden secures support from some creditors for offshore debt overhaul

Country Garden has been counting on a turnaround in sales while it continues lengthy restructuring talks more than a year after defaulting on its debt.
Property

Country Garden’s sales slump persists as revival proves elusive

Country Garden’s next winding-up hearing is scheduled for May 26.
Property

Country Garden misses self-imposed target date on debt overhaul

Despite government support, many buyers prefer second-hand homes due to concerns that developers will still struggle to finish construction on presold projects.
Property

Country Garden’s sales slump worsens in January adding to woes

Country Garden has now been granted an adjournment until May 26 in a court hearing held to gauge the extent to which its debt restructuring is proceeding ahead of a decision on a liquidation petition.
Property

Country Garden shares surge 11% in resumed trade after nine-month halt

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