Chinese property developer Country Garden, which defaulted on its debt last year, says it has received a liquidation petition from a creditor after not repaying a loan.
Embattled Chinese Developer Country Garden Faces Winding-Up Petition menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Embattled Chinese developer Country Garden is facing a winding-up petition in Hong Kong, months after the company started what is expected to be the second-largest restructuring effort among its peers, following that of China Evergrande Group, .
Logan Group: The latest development came after the Shenzhen developer said on Friday it had signed an agreement with a key bondholder group on the terms of restructuring its $6.6 billion in offshore debt.