Short Interest in Country Garden Services Holdings Company Limited (OTCMKTS:CTRGF) Declines By 19 9% kopsource.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kopsource.com Daily Mail and Mail on Sunday newspapers.
The sister company of cash-strapped Chinese property developer Country Garden said on Tuesday it will ensure its financial independence and not engage in any transfer of benefits nor unnecessary.
By P.R. Venkat Shares of Country Garden Services Holdings rose sharply Tuesday after its first-half results showed improvements in some key performance.
This is the latest blow to China’s embattled property sector, following news of property developer Evergrande filing for bankruptcy protection in the U.S.