Chinese developer Country Garden wins approval to extend onshore...
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HONG KONG, Sept 2 (Reuters) pvafast.com - Buy Google Play Developer Account Embattled Chinese property developer Country Garden has won approval from creditors to extend payments for a 3.9 billion yuan ($540 million) onshore private bond, a person familiar with the matter said on Saturday.
Friday's vote buys time for the firm to avoid default in what will likely be a major relief for financial markets and the Chinese government, which has announced a raft of measures to support the indebted property sector. (Reporting by Xie Yu; Editing by William Mallard)
Friday's vote buys time for the firm to avoid default in what will likely be a major relief for financial markets and the Chinese government, which has announced a raft of measures to support the indebted property sector. (Reporting by Xie Yu; Editing by William Mallard)
