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Express News | Country Garden sells assets again at the end of the year, listing Hilton Worldwide Hotel in Foshan for 1.5 billion.
Express News | Country Garden Real Estate and others were enforced for 0.13 billion.
Country Garden: Currently discussing terms of overseas debt restructuring plan, hoping to reach an agreement as soon as possible.
On November 18, Glonghui reported that Reuters cited informed sources revealing that Country Garden (2007.HK) submitted preliminary terms for the restructuring of its overseas debt to some creditors at the end of last month, in an effort to avoid liquidation. Country Garden responded by stating that the company recently sent a draft of the restructuring plan terms to the primary creditor group, and is currently coordinating discussions with the syndicate committee and a special group of US dollar bondholders regarding the terms of the restructuring plan. Due to confidentiality reasons, details related to the restructuring plan cannot be disclosed externally yet. Country Garden expressed the hope to reach an agreement with the primary creditor group on the restructuring plan as soon as possible.
Country Garden (02007.HK) has recently sent the preliminary draft of the restructuring plan terms to major creditors, hoping to reach an agreement as soon as possible.
It is reported that Country Garden (02007.HK) has submitted an overseas debt restructuring plan to creditors. According to "China Securities Golden Bull", Country Garden responded by stating that the company recently sent the draft terms of the restructuring plan to the main creditor group and is in further discussions regarding the terms of the restructuring plan with the coordinating committee of the bank syndicate and the special group of dollar bondholders. However, due to confidentiality reasons, the relevant details of the restructuring plan cannot be disclosed externally yet.
Express News | Country Garden has submitted a plan for overseas debt restructuring. An official response: further negotiation on terms is in progress, and related details cannot be disclosed.
Express News | Reuters: Country Garden has submitted an overseas debt restructuring plan to its creditors.
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