Country Garden

Country Garden: China’s Country Garden posts record loss, warns of possible default

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Country Garden: China’s Country Garden posts record loss, warns of possible default

BEIJING: Country Garden Holdings Co warned that it may default on its debt and raised concerns about staying in business after the embattled Chinese developer posted a record first-half loss of almost $7 billion.The Foshan-based company said that if its financial performance continues to deteriorate, the group might not be able to meet its debt … Read more

Country Garden: Country Garden warns of a possible default

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Country Garden: Country Garden warns of a possible default

Beijing: Country Garden Holdings posted a record first-half loss of almost $7 billion and warned it may default on its debt, underscoring how China’s deepening real estate slump has battered one of its former property giants. Country Garden said that if its financial performance continues to deteriorate, the group might not be able to fulfill … Read more