Hong Kong court postpones Country Garden liquidation hearing to Jan 20, 2025, for offshore debt restructuring.
Hong Kong court postpones Country Garden liquidation hearing to Jan 20, 2025, allowing the Chinese property developer to finalize its offshore debt restructuring plan. Country Garden defaulted on $11Bn offshore bonds last year. The delay in the hearing comes amid efforts by Chinese authorities to revive the property sector struggling with an unprecedented debt crisis since mid-2021.
July 29, 2024
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