Chinese developer Country Garden reassured investors that its $100 billion project in Malaysia is proceeding as planned and that the company has sufficient assets. This statement comes after concerns were…
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Country Garden: How bad is China’s property crisis?
The debt crisis at Country Garden, China’s largest property developer, has raised concerns about contagion in the sector. This comes just two years after China Evergrande Group defaulted. Since mid-2021,…
By News Team August 17, 2023
Country Garden shares slump to record low after onshore bond trading halted
Shares of Chinese property giant Country Garden (2007.HK) hit a fresh record low on Monday, while its offshore bonds also faced pressure. This comes after the suspension of its onshore…
By News Team August 14, 2023
Country Garden restructuring fears deepen China property concerns
Country Garden’s shares (2007.HK) reached a record low on concerns that the Chinese property company is preparing for a debt restructuring. This adds to worries about the outlook for the…
By News Team August 11, 2023
Country Garden misses bond payments as China property fears flare
Chinese developer Country Garden has confirmed that it has not paid two dollar bond coupons totaling $22.5 million, raising concerns about its ability to repay debts. The bonds in question…
By News Team August 8, 2023