Country Garden expects to reach terms with creditors in February, lawyer tells court By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2025
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Should l Buy ?
Source: Investing.com
Debt Restructuring Plans: China's Country Garden is negotiating with creditors to restructure $16.4 billion in offshore debt, aiming for an agreement by the end of February and court approval in April, while facing potential liquidation due to previous defaults.
Challenges in Negotiations: The company is addressing three key issues with creditor groups, including compensation for releasing security packages and terms for new notes, amidst a broader crisis in China's property sector marked by significant defaults.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
