Default deadline looms for Chinese property giant Country Garden euronews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euronews.com Daily Mail and Mail on Sunday newspapers.
Key Takeaways: Kingboard said it has yet to collect 1.6 billion yuan it is owed by struggling developer Country Garden The Hong Kong-based laminates maker said it sees little chance of collecting the debt, and expects to make a provision for it By Lau Chi Hang
By Clare Jim HONG KONG (Reuters) - Country Garden's entire offshore debt will be deemed to be in default if China's largest property developer fails t.
Lack of payment would make Country Garden the latest in scores of Chinese developers who have defaulted. The firm had last week warned about its inability to meet offshore debt obligations