{"id":62188,"date":"2024-02-28T13:34:44","date_gmt":"2024-02-28T04:34:44","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2024\/feb\/28\/china-property-giant-country-garden-liquidation-petition-debt"},"modified":"2024-02-28T13:34:44","modified_gmt":"2024-02-28T04:34:44","slug":"embattled-china-property-giant-country-garden-faces-liquidation-petition","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=62188","title":{"rendered":"Embattled China property giant Country Garden faces liquidation petition"},"content":{"rendered":"<p>Country Garden\u2019s shares fell more than 12% in early trading on Wednesday, amid a continued debt crisis in China\u2019s property sector<\/p>\n<p>Country Garden Holdings has said a liquidation petition has been filed against the property developer for non-payment of a loan worth $205m, adding to the woes for China\u2019s liquidity crisis-hit property sector.<\/p>\n<p>Country Garden said in a regulatory filing to the Hong Kong Stock Exchange it would \u201cresolutely\u201d oppose the petition, which was filed by a creditor, Ever Credit Limited, a unit of Kingboard Holdings. A court hearing has been set for 17 May.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2024\/feb\/28\/china-property-giant-country-garden-liquidation-petition-debt\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Country Garden\u2019s shares fell more than 12% in early trading on Wednesday, amid a continued debt crisis in China\u2019s property sectorCountry Garden Holdings has said a liquidation petition has been filed against the property developer for non-payment of a &#8230;<\/p>\n","protected":false},"author":238,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[6,50,556],"tags":[],"class_list":["post-62188","post","type-post","status-publish","format-standard","hentry","category-business","category-china","category-chinese-economy"],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/62188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/238"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62188"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/62188\/revisions"}],"predecessor-version":[{"id":62189,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/62188\/revisions\/62189"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}