Country Garden Receives Winding-Up Petition in Hong Kong
Wednesday, 28 February 2024, 01:40
Country Garden's Financial Challenge
Chinese developer Country Garden is facing a critical issue in Hong Kong where it has received a winding-up petition due to a US$204 million loan.
Legal Battle
The company has vowed to take a strong stance and fight against what it perceives as an aggressive action by a single creditor targeting a minor portion of its international obligations.
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