Chinese real estate giant Country Garden hires Kroll for liquidation analysis due to $205M loan default.
Chinese real estate giant Country Garden hires Kroll to conduct liquidation analysis ahead of a court hearing due to a $205M loan default. Country Garden is pursuing its offshore debt restructuring plan, and Kroll will project a recovery rate for its creditors under a liquidation scenario. The company has also hired KPMG as an advisor for its capital structure and liquidity.
March 27, 2024
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