Search For "country garden"
China: Amid property sector woes, Country Garden delays earnings
Updated : 2 years, 2 months ago IST
In a filing provided to the Hong Kong stock exchange on Thursday, the company said it needed more time to collect information due to the complexity of the work required amid its debt restructuring.
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China: Property developer firm Country Garden faces loss of USD 7 billion
Updated : 2 years, 9 months ago IST
Country Garden, one of China's property developers, said that it has faced a loss of USD 7 billion during the first six months of 2023. The property developer company said that it could default on its debts, CNN reported.
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China’s biggest homebuilder ‘Country Garden’ on verge of financial collaps
Updated : 2 years, 9 months ago IST
As China's economy has slowed recently, the already slow real estate market has come to a complete halt, putting Country Garden, which has a total debt of over USD 187 billion, in peril.
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Chinese property developer Country Giant warns of USD 7.6 bn loss as it ne
Updated : 2 years, 9 months ago IST
One of China’s biggest property developers, Country Garden, says it has burned through up to USD 7.6 billion in the first half of the year, compounding the crisis coursing through the country’s embattled real estate sector, CNN reported.
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China: Real estate crisis exposes reality of Beijing’s property boom
Updated : 2 years, 9 months ago IST
The property crisis in China, which has led to billions of dollars flowing out of the country, is not just Beijing’s own making but has also exposed the ‘reality’ of Beijing’s property boom, New York Times reported.
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Real estate giant's financial crisis threatens Chinese economy
Updated : 2 years, 9 months ago IST
However, the issue is considerably more widespread than just one business, and the timing is quite poor. According to the New York Times, Country Garden's default would be the most recent in a spate of failures in a housing market that has been struggling for years.
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Asia's richest woman lost half her wealth in China's property crunch
Updated : 3 years, 10 months ago IST
Beijing [China], July 29 (ANI): As China's property crisis escalates, Asia's wealthiest woman has seen her wealth fall to USD 11 billion from nearly USD 24 billion this year, a media report said.
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