Authorities detained some staff of the money management business of China Evergrande Group, a sign that the saga around the defaulted developer at the heart of the nation’s property crisis has entered a new phase involving the criminal justice system.
Embattled Chinese
property developer Country Garden faces yet another
liquidity test with Monday s deadline to pay $15 million in
interest linked to an offshore bond, after having dodged default
at.
By Xie Yu HONG KONG (Reuters) - Embattled Chinese property developer Country Garden faces yet another liquidity test with Monday's deadline to pay $15.
Country Garden Holdings: Country Garden, whose financial woes have worsened the property sector outlook and spurred a raft of support measures from Beijing, will have a 30-day grace period to pay the coupon before it is considered in default.