Exclusive: Country Garden submits offshore debt restructuring plan to creditors, sources say
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Country Garden has submitted a preliminary offshore debt restructuring proposal to creditors to avoid liquidation. This move is crucial for the indebted Chinese property developer.
November 18, 2024 | 4:15 am
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Country Garden has submitted a preliminary offshore debt restructuring proposal to creditors, aiming to avoid liquidation. This is a critical step for the company as it deals with significant debt issues.
The submission of a debt restructuring plan is a significant step for Country Garden as it attempts to manage its financial difficulties and avoid liquidation. This move could positively impact the stock in the short term as it shows proactive management of debt issues.
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