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.
China s Property Crisis Hits State-Owned Developers 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.
The stock reached an intra-day level of 90 Hong Kong cents after the company warned it is expecting a loss of between $6.24 billion to $7.63 billion for the six.