Chinese developer Country Garden may apply for a court order to validate share transfers after a liquidation petition was filed against the company.

Country Garden, a Chinese developer, is considering applying for a court order to validate share transfers after a liquidation petition was filed against the company on February 27 due to repayment obligations. If not applied for or granted, any transfers after this date would be void if the company is liquidated. The Netherlands has also closed its consulate in Chongqing amid China's struggles to attract foreign investors.

March 04, 2024
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