From Investing.com: 2024-11-17 22:55:40

Country Garden submitted a debt restructuring proposal to creditors as it seeks to avoid liquidation. The proposal includes a revised cash flow projection, showing weaker cash flow in the coming years. The developer defaulted on $11 billion in offshore bonds last year. New home prices in China fell in October, prompting government support measures. Country Garden aims to implement a restructuring plan with creditor support.



Read more at Investing.com: Exclusive-Country Garden submits offshore debt restructuring plan to creditors, sources say By Reuters