Country Garden Filed For Liquidation

People pass by the residential corridor of Country Garden residential community in Fuyang city, Anhui province, China, February 28, 2024. In an announcement to the Hong Kong Stock Exchange, Country Garden said that EVER CREDIT filed a winding-up petition against the company in the High Court of Hong Kong on February 27 in relation to an unpaid term loan of approximately HK $1.6 billion in principal between the petitioner (lender) and the Company (borrower), together with accrued interest.