Posted 2/29/2024, 1:29:28 PM
Chinese Developer Country Garden Faces Liquidation Threat Amid Debt Crisis
- Chinese property giant Country Garden faces liquidation threat over unpaid debts of $204 million
- Creditor Ever Credit filed petition to liquidate Country Garden in Hong Kong court
- Situation draws parallels to Evergrande bankruptcy amid China's property slump
- Country Garden recently risked default after missing $15 million bond payment
- Some experts believe Country Garden may avoid forced liquidation like Evergrande