Country Garden
Country Garden names new co-chairman to beef up leadership
Mo will support strategic partnerships, resource integration and implement group-wide strategies
China’s private data on home sales vanishes after Vanke turmoil
Global banks remain pessimistic on China’s property market, which has faced renewed sales weakness since the second quarter
Why China can’t sort out its property market mess
Since mid-2024, the government has cut borrowing costs on existing mortgages, relaxed buying curbs in big cities and lowered taxes on home purchases
Country Garden to issue nearly US$13 billion in bonds as part of restructuring plan
CHINA’S Country Garden said on Friday it would issue bonds worth about US$13 billion as part of offshore debt restructuring, a move aimed at easing one of the biggest defaults in the country’s propert...
Country Garden reaches milestone as debt plan heads to vote
Eight of China’s 10 most indebted developers have largely, if not entirely, put the offshore restructuring process behind them
Country Garden secures US$1.14 billion loan-to-equity conversion as part of restructuring
The property developer has defaulted on billions in offshore bonds in late 2023
China’s Country Garden forecasts bigger loss after deliveries slump
China’s property slump has slowed housing project deliveries and squeezed the earnings of developers as they struggle to revive their businesses
Country Garden seeks delay of wind-up case to later this year: sources
The company needs approval from 75% of its bank lenders and bondholders to secure its restructuring deal
Country Garden’s May sales drop 28% with no revival in sight
Monthly sales dropped from a year earlier to about 3.1 billion yuan
Country Garden bank creditors warn of deal breaker on debt plan
The property developer gets a few months’ reprieve from its liquidation petition hearing on Monday
