Country Garden's founder and chairperson of the board are at work as usual, the debt-laden Chinese property developer said on social media on Thursday, denying online reports of the pair leaving the country.
Founder Yeung Kwok Keung quit Country Garden's board in March and daughter Yang Huiyan became chairperson. Yeung remains a special adviser.
Country Garden on Wednesday was due to pay a $15 million coupon payment on a bond due September 2025, but two bondholders told Reuters they were yet toThe developer has not commented on the payment. On Wednesday, it said it was unlikely to be able to meet most of its upcoming offshore debt payments. Country Garden has almost $11 billion of offshore bonds outstanding. A default could trigger one of China's biggest corporate debt restructurings.Asian shares slid on Thursday as risk aversion prevailed in the market due to mounting worries over Middle East tensions, while gold prices stayed near two-month peaks with investors seeking safer assets.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Country Garden says founder, board chairperson at work, haven't left ChinaCountry Garden says founder, board chairperson at work, haven't left China
Leer más »
China's Country Garden offshore debt default loomsCountry Garden Holdings (2007.HK), China's biggest private property developer, is hours away from defaulting on its $11 billion in overseas debt, yet to make a coupon payment due on Wednesday to its bond investors.
Leer más »
Default deadline looms for China's property giant Country GardenCountry Garden Holdings, China's largest private property developer, is hours away from defaulting on its $11 billion in offshore debt, yet to make a
Leer más »
Grace period for China's Country Garden coupon payment expiresGrace period for China's Country Garden coupon payment expires
Leer más »
China Stabilizes, in the Shadow of Country Garden and EvergrandeA record number of Chinese college students graduated this summer, but landing their dream job may be a long shot. WSJ takes a look at why China’s youth unemployment is at all-time highs. Photo illustration: Adam Adada
Leer más »
Country Garden founder Yeung, the tycoon who called himself 'dumb'Country Garden founder Yeung, the tycoon who called himself 'dumb'
Leer más »