StreetInsider com - Investing streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Troubled Chinese property giant Country Garden has been forced to deny that its founder and chairman had fled the country after the developer missed a $15.4m debt payment.
Country Garden s Likely Default Contrasts with Broader Chinese Economy thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.
The builder “expects that it will not be able to meet all of its offshore payment obligations when due or within the relevant grace periods, including but not limited to those under the U.S. dollar notes issued by the company,” it said in a filing Tuesday.