Country Garden stated that in the past few months, the company has worked closely with creditors and key advisors to make positive progress in establishing overseas debt restructuring procedures and is advancing the process in an orderly manner.

On February 28, Chinese property developer Country Garden announced that it had received a winding-up petition involving an unpaid term loan with a principal amount of approximately HK $1.6 billion and accrued interest.。

According to the Guangzhou Equity Exchange, there are five assets to be transferred by Country Garden recently, all located in Guangzhou。Total proposed transfer price of five assets 38..1.8 billion yuan。

The source was informed that as of 22: 00 on September 11, Country Garden (02007.HK) of its 8 bonds extension plan, "21 Bidi 03" and other 6 only passed the vote, not yet passed the two bonds, the meeting voting time has been postponed to September 12, 22: 00.。

On August 30, Country Garden announced on the HKEx that it would be 0 per share..HK $77 Issue 3.500 million new shares, to be financed through the issuance of new shares 2.HK $700 million。

In an announcement on the evening of August 10, Country Garden, which is under pressure to stage liquidity, said it would maintain communication with creditors and take various debt management measures to protect the long-term development of the Company and preserve value and safeguard interests for creditors.。Currently, there is no public default on the debt under Country Garden's name, and only two coupon payments on U.S. dollar-denominated debt are within a 30-day grace period, but from September to early 2024, the company will be under pressure to pay a number of debt maturities, totaling about $10 billion.。

Country Garden, which skyrocketed at the end of last year, now seems to be going downhill.。On March 30, Country Garden released its 2022 annual results announcement.。Country Garden's 2022 revenue reaches 4,303, according to earnings data.700 million yuan, full-year net loss of 60.5.2 billion yuan, year-on-year profit and loss。