Country Garden overdue results set to show steep losses amid sector's sales slump By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2025
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Source: Investing.com
Country Garden's Financial Struggles: Country Garden, once a leading Chinese developer, is expected to report significant losses due to a prolonged property sector crisis and has delayed financial reports after defaulting on $11 billion in offshore bonds.
Debt Restructuring Efforts: The company is proposing a debt restructuring plan to reduce its $16.4 billion offshore debt by 70% while facing a liquidation lawsuit related to a $205 million loan, with the next hearing scheduled for January 20.
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.
