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Embattled China property giant Country Garden faces liquidation petition

Country Garden’s shares fell more than 12% in early trading on Wednesday, amid a continued debt crisis in China’s property sector ....

Hong Kong , Sidley Austin , Kingboard Holdings , Hong Kong Stock Exchange , Country Garden Holdings , China Evergrande Group , Ever Credit Limited , Country Garden , Ever Credit ,

Embattled Chinese Developer Country Garden Faces Winding-Up Petition

Embattled Chinese Developer Country Garden Faces Winding-Up Petition
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Hong Kong , A Hong Kong , China Evergrande Group , South China Morning Post , Hong Kong High Court On , Kingboard Holdings , Embattled Chinese , Country Garden , Ever Credit , High Court ,

Country Garden hit by winding-up petition

A Hong Kong-based creditor has filed a winding-up petition against struggling developer Country Garden, adding to a wave of legal action that threatens to increase liquidations across China’s property sector, reports the Financial Times. The petition, filed by a company called Ever Credit at Hong Kong’s High Court, cited non-payment of a HK$1.6 billion ($204 million) loan… ....

Hong Kong , Credit At Hong Kong High Court , Hong Kong Based , Country Garden , Ever Credit , High Court ,