2023-10-18 06:39:19
In August, the crisis-hit Country Garden reported a record $6.7bn (£5.2bn) loss for the first six months of the year. If its default is confirmed, Country Garden’s offshore creditors will begin negotiations with the firm’s financial advisors to start a restructuring process which could take many months, given the scale of the debt.
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#Country #Garden #China #property #giant #default #fears #grow
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