KUALA LUMPUR: Embattled Chinese developer Country Garden said on Monday its $100-billion project in Malaysia was proceeding as planned and it had sufficient assets, despite concerns over its financial strength.
ALBAWABA – Chinese developer Country Garden’s massive Malaysia project is on track, the company said on Monday, despite concerns over its financial stre
Country Garden is building its largest overseas development, the massive Forest City project, across four reclaimed islands in Johor bordering Singapore.
KUALA LUMPUR Embattled Chinese developer Country Garden said on Monday (Aug 28) its US$100-billion (S$135-billion) project in Malaysia was proceeding as planned and it had sufficient assets, despite concerns over its financial strength. The comment by China's largest private developer came after it missed two dollar coupon payments this month totalling US$22.5 million, fuelling fears that the country's property.
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