Country Garden secures bondholder reprieve: Sources

> #China's largest private property developer #CountryGarden won approval from its creditors to extend repayments on six onshore bonds by three years, two sources familiar with the matter said on Tuesday (Sep 12), sending shares up as much as 10 per cent.
https://www.channelnewsasia.com/business/country-garden-secures-bondholder-reprieve-sources-3763561

#China - Country Garden faces fresh test for onshore bond extensions

> #HONGKONG: Embattled developer #CountryGarden faces a new round of voting by creditors to extend several debt maturities on Monday (Sep 11)

> Country Garden, one of the few large Chinese developers that have not defaulted on debt obligations, has been facing liquidity pressure with reduced available funds as sales plunged, its interim financial statements show.
https://www.channelnewsasia.com/business/china-country-garden-new-round-voting-creditors-extend-onshore-bonds-3761081

Country Garden woes: What we know about the temporary reprieve and broader risks

> https://www.channelnewsasia.com/business/country-garden-china-property-repayment-postponed-risks-deadline-3742361 #China #realestate #Malaysia #SoutEastAsia #Tootsea #CountryGarden #ForestCity