Country Garden's Decision to Hire Kroll for Financial Analysis Raises Questions

Wednesday, 27 March 2024, 11:02

Distressed Chinese developer, Country Garden, recently hired New York-based financial advisory firm Kroll to evaluate potential liquidation outcomes. Despite concerns, the company downplays the likelihood of liquidation and emphasizes the assessment's focus on creditors' recovery prospects.
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Country Garden's Decision to Hire Kroll for Financial Analysis Raises Questions

Country Garden's Hire of Kroll Sparks Speculation

Distressed Chinese property developer, Country Garden, has drawn attention by enlisting New York-based financial advisory firm, Kroll, for a comprehensive analysis. The move has raised questions about the company's financial stability and potential next steps. In a bid to address creditor concerns, Country Garden downplays liquidation fears and shifts focus to recovery potential.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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