Country Garden Proposes Debt Restructuring Plan to Creditors
HONG KONG – Chinese property developer Country Garden has presented a plan to restructure its offshore debt, according to sources. The proposal, submitted to creditors last month, includes updated cash flow projections to show the company’s ability to meet its financial obligations.
This move is part of Country Garden’s efforts to avoid liquidation as it struggles with significant debt. The company is working to stabilize its finances amid growing pressure.
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