Country Garden expects to reach terms with creditors in Feb, lawyer tells court By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2025
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Source: Investing.com
Debt Restructuring Efforts: Country Garden, a major Chinese property developer that has defaulted on debt obligations, is seeking to negotiate terms with creditors and has proposed a restructuring plan to reduce its $16.4 billion offshore debt by 70%.
Court Proceedings: A Hong Kong court hearing regarding the progress of these negotiations has been adjourned until May 26, following a request from Country Garden's lawyers for an extension.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
