Country Garden Holdings, formerly China’s top property developer by contracted sales, will appear in a Hong Kong court on Monday to request more time to progress its $14.1 billion offshore debt restructuring.
The company has reportedly gained backing from creditors representing over 70% of its debt.
However, as of May 22, key bank lenders had yet to sign on, according to media reports.
-
I'm not sure this saga will ever end!
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( China property: Country Garden seeks extension for US$14.1 billion debt overhaul )
Also on site :
- Russia reliable partner to Africa in strengthening sovereignty – Lavrov
- Trump could exit Ukraine talks – NYT
- Ship carrying oil and hazardous cargo sinks off Kerala coast