Country Garden said it expected to post a narrower annual loss in 2024 as the embattled developer looks to revive its business and stave off a liquidation lawsuit after reporting a record 178.4 ...

A lawyer for embattled Chinese property developer Country Garden has told a Hong Kong court that it expects to reach a deal with creditors in February to restructure billions of dollars in debt.

HONG KONG (Reuters) -Country Garden said it expected to post a narrower annual loss in 2024 as the embattled developer looks to revive its business and stave off a liquidation lawsuit after ...

HONG KONG (Reuters) -Country Garden has proposed a deal to its offshore creditors that will cut its debt by $11.6 billion, paving the way for the property developer to seek more time from the high ...

Once China's biggest property developer, Country Garden defaulted on $11 billion in offshore bonds in late 2023, deepening a debt crisis in the sector that had already experienced defaults by many ...

HONG KONG -- A leading developer during China's boom years, Country Garden Holdings has now taken a place among the largest money losers in the nation and the world, marking another grim milestone ...

HONG KONG -- Embattled real estate developer Country Garden Holdings has belatedly reported staggering losses for 2023, offering a fresh glimpse into the depths of China's property crisis.

Embattled Chinese property developer Country Garden Holdings said its net loss for the first half of 2024 narrowed to 12.8 billion yuan (US$1.75 billion) from 48.9 billion yuan a year earlier, as ...

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Indebted Chinese developer Country Garden Holdings has proposed restructuring terms that aim to reduce its offshore debt by up to US$11.6 billion while providing creditors with multiple options ...