The Business Times
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Country Garden

Property

Country Garden names new co-chairman to beef up leadership

Vanke’s surprise move adds to the industry’s woes after years of falling sales and massive defaults by China Evergrande Group, Country Garden Holdings, and others.
Property

China’s private data on home sales vanishes after Vanke turmoil

Evergrande’s downfall is by far the biggest in a crisis that dragged down China’s economic growth and led to a record number of distressed builders.
Global Enterprise

Why China can’t sort out its property market mess

Country Garden, once China’s largest homebuilder, has faced mounting liquidity stress amid weak home sales and tighter funding channels.
Property

Country Garden to issue nearly US$13 billion in bonds as part of restructuring plan

The plan is the culmination of negotiations since Country Garden defaulted in 2023 that at times neared collapse.
Property

Country Garden reaches milestone as debt plan heads to vote

Country Garden has scheduled creditor meetings for Nov 5 to vote on its restructuring plan, with separate votes for holders of the 2023 and 2026 convertible bonds on the same day.
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

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