Chinese developer Country Garden receives winding-up petition in Hong Kong over US$204 million loan

Country Garden received a winding-up petition filed by Ever Credit, a wholly owned unit of Kingboard Holdings, on Tuesday due to non-repayment of a term loan worth about HK$1.6 billion (US$204 million) including accrued interest, according to a filing with the Hong Kong stock exchange Wednesday…#countrygarden #kingboardholdings #hongkong #chinaevergrandegroup #countrygardens #highcourt
Source: Reuters: Health - Category: Consumer Health News Source Type: news