Chinese real estate giant Country Garden faces the risk of breach of contract due to failure to repay a US dollar debt ticket, sources revealed that Country Garden creditor is seeking urgent negotiations with the company and its consultants.
According to Reuters quoted sources, two groups of creditors have sought discussions on the potential debt restructuring plan. One of them hired US Investment Bank PJT PARTNers as a financial adviser and led negotiations with Country Garden.This group of creditors consisting of international investors and fund investors hold about $ 2 billion (about S $ 274 million) overseas bonds.
The report quoted another person who did not want to be named.Fraser Property) to repay overseas funds.The Australian Financial Review also reported the above progress.
Country Garden ’s stock price on Friday morning was 1.4%higher, and the increase rose, rising by 14%, up to 0.81 yuan per share (Hong Kong dollar, the same below, about S $ 0.14), Country Garden service rose more than 6%, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per share, per shareAs high as 7.29 yuan.
