A 360° View of the News.
Published loading...Updated

China’s Country Garden gets liquidation petition from creditor

  • Country Garden Holdings received a liquidation petition from Ever Credit Limited, raising concerns about China's property sector.
  • The petition involves the failure to repay a term loan facility worth HK$1.6 billion, with a court hearing set for May 17.
  • The real estate downturn in China since 2021 has led to liquidity crises, defaults on debt, and concerns for major developers.
Insights by Ground AI
Does this summary seem wrong?

35 Articles

All
Left
8
Center
11
Right
6
Center

In the Chinese real estate crisis, a major property developer is once again threatened with liquidation.

·Germany
Read Full Article
Center

With the settlement application against Country Garden, the pressure in China's real estate sector remains high. The company is not the first to have to defend itself against such a petition in Hong Kong.

·Berlin, Germany
Read Full Article
Lean Left

China is struggling with major turbulence on the real estate market. Following the liquidation of the Evergrande Group, another corporate empire is now being targeted by the judiciary: the ailing real estate developer Country Garden.

·Germany
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 44% of the sources are Center
44% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Channel News Asia broke the news in Singapore on Wednesday, February 28, 2024.
Sources are mostly out of (0)