Country Garden Warns of Debt Troubles as Sales Plummet
- Country Garden warns it may not be able to repay debt, citing liquidity concerns
- Company failed to make $60M debt repayment this week
- Shares fell 1.19% as creditors may demand faster repayments
- Contracted sales declined 80.7% in September, sixth straight month of drops
- Expects continued uncertainty around liquidity and asset sales in short to medium term
