February 29, 2024 BY Elizabeth Anderson
Chinese property market miseries continue as Country Garden faces liquidation petition
Ever Credit Limited, a division of Kingboard Holdings (0148.HK), lodged the filing against Country Gardens with the High Court of the Hong Kong Special Administrative Region. The hearing has been scheduled for 17 May 2024. Economists believe that the petition will renew doubts about the debt management capabilities and liquidity of China’s property sector. This…
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