Times China Reaches Agreement with Creditors on Debt Restructuring
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#a1f410b9 ver:0.32
Chinese property developers Country Garden and Times China face ongoing challenges in managing their debt amidst the housing market crisis. Country Garden's liquidation hearing has been postponed, giving more time for debt restructuring talks with offshore creditors. Times China has reached an agreement in principle with key creditors for debt restructuring. Both companies are actively working to stabilize their operations and avoid liquidation. #China #propertydevelopers #debtrestructuring #housingmarketcrisis...
#newstr #CountryGarden #TimesChina #DebtRestructuring #Liquidation #Creditors
https://here.news/story/a1f410b9?ver=0.32
Country Garden's Hong Kong Liquidation Hearing Further Adjourned to July Amid Ongoing Debt Crisis
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#a1f410b9 ver:0.31
Chinese property developer Country Garden's liquidation hearing in Hong Kong has been further adjourned to July 29, giving the company more time to prepare evidence and progress in debt restructuring talks with offshore creditors. The adjournment provides relief as the company faces challenges in managing its $189 billion debt burden amidst a housing market crisis. #CountryGarden #debtcrisis #realestate #HongKong...
#newstr #CountryGarden #HongKong #LiquidationHearing #DebtCrisis #PropertyDeveloper
https://here.news/story/a1f410b9?ver=0.31
Country Garden's Hong Kong Liquidation Hearing Further Adjourned to July Amid Ongoing Debt Crisis
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#a1f410b9 ver:0.3
Major Chinese property developer, Country Garden, receives further adjournment for its liquidation hearing in Hong Kong, now scheduled for July 29. The company, facing an ongoing debt crisis, aims to demonstrate progress in debt restructuring talks with offshore creditors to push back against the liquidation petition. The challenges faced by Country Garden reflect the crisis in the Chinese housing market, with the company struggling to manage its $189 billion debt burden amidst a slump in home sales. The adjournment provides some relief as the company continues its efforts to reorganize its finances. #CountryGarden #debtcrisis #restructuring...
#newstr #CountryGardenHoldings #HongKong #Liquidation #DebtRestructuring #OffshoreCreditors #OffshoreBonds
https://here.news/story/a1f410b9?ver=0.3
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