China Real Estate Developer Country Garden announced on Wednesday (February 28) in the Hong Kong Stock Exchange.Regular loans and interest should be paid.
According to the announcement of Country Garden, the invitation Ever Credit Limited on Tuesday (February 27) proposed to the Hong Kong High Court to sign a clearing of the company. The first hearing date was set on May 17 this year.
Announcement stated that Country Garden will strongly oppose the invitation.The submissions of the invitation do not mean that the invitation can successfully liquidate the company.The Hong Kong High Court has not issued a liquidation order to liquidate the company.
Country Garden said that the company will continue to actively maintain communication with overseas creditors, forming a reorganization plan as soon as possible, in order to announce the terms of the market as soon as possible under the actual and feasible circumstances.
Country Garden also said that the company will do its best to maintain actively communicating with the appevers, and under the principles of fairness of all creditors, they will negotiate with the invitation person to properly deal withOr rejected the invitation).
As of the end of 2022, Country Garden's liabilities reached 1.4 trillion yuan (S $ 261.3 billion).In October last year, Country Garden missed the last period of the payout for a 15 million US dollars (S $ S $ 2015,000).The market believes that its offshore bonds of about $ 11 billion are risked by breach of contract.
This month, more than 30 projects in Country Garden were approved to enter the "whitelist", which means that related projects will receive financing support and help alleviate the pressure of funds.
