Country Garden peeks out from the shadow of death
The debt-laden property developer’s latest annual results show it returned to the black in a big way with a profit of more than 3.2 billion yuan last year Key Takeaways:…
BRIEF: Country Garden sales remain tepid in February
Property developer Country Garden Holdings Co. Ltd. (2007.HK) said on Tuesday it recorded attributable sales of 2.23 billion yuan ($323 million) in February, down 3% year-on-year but up 0.9% from…
15th Five-Year Plan: Solar and property wait for the next policy tide
As China shifts from the 14th to the 15th Five-Year Plan, solar tells a story of swelling under policy momentum before a pullback, while property experienced a forced, sharp slowdown…
The state steps in to shield China Vanke from debt crunch
Default risks have receded at the embattled property developer after a state-backed support effort, but business recovery is still a long way off Key Takeaways: The head of the firm’s…
Country Garden’s debt restructure hinges on stabilizing property market
The debt-laden developer released two long-overdue financial reports last week after detailing a clearly defined debt restructuring plan Key Takeaways: Country Garden revealed it lost 12.84 billion yuan in the…
BRIEF: Two Country Garden directors resign from its board
Struggling property developer Country Garden Holdings Co. Ltd. (2007.HK) announced on Sunday that Su Baiyuan resigned from its board as an executive director on Nov. 1 due to job changes,…
BRIEF: Country Garden to sell remaining Zhuhai Wanda stake
After selling back 1.49% of Zhuhai Wanda's shares to Dalian Wanda last month, struggling property developer Country Garden Services Holdings Co. Ltd. (6098.HK) announced on Tuesday that it would sell…
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