Country Garden Holdings has again pushed back the deadline for holders of yuan-denominated bonds to vote on a set of proposals to repay the bonds, in its latest attempt to avoid what would be its first default. China’s sixth-largest real estate developer by sales has pushed the deadline forward one day, to 10 p.m. Beijing … Read more
Jakarta – Chinese real estate giant Country Garden are having a lot of problems. In addition to debts of US$ 191 billion or the equivalent of Rp. 2,875 trillion which have the potential to default. The debt crisis has made global headlines as the company has become the country’s largest developer by sales value before … Read more
Jakarta – The news of the failure to pay the giant Chinese developer Country Garden make a splash in these two weeks. How could it not be, at nearly the same time, another giant developer, namely Evergrande, officially announced its bankruptcy with a fantastic debt value of Rp. 5,000 trillion. It is feared that Country … Read more
A collapse of Country Garden would have catastrophic repercussions for China’s financial system and economy, as would its heavily indebted rival Evergrande. Chinese real estate giant Country Garden, which is facing crisis, has announced “great doubts” about its bond repayments, exacerbating concerns about China’s heavily indebted real estate sector. The company said in a statement … Read more
Live: TNN Know-Know-Invest program, Tuesday, August 15, 2023 at 5:00 PM-5:30 PM. – point to the new government Need to stimulate purchasing power before seizing – Thai real estate can be invested without being caught by Chinese numbers – SET 5PM (Set Five PM) – Investing stocks for the new cabinet, spending spreads! Assessment of … Read more