{"id":166592,"date":"2025-12-05T15:00:58","date_gmt":"2025-12-05T08:00:58","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-country-garden-gains-hong-kong-court-backed-debt-lifeline\/"},"modified":"2025-12-05T20:42:53","modified_gmt":"2025-12-05T13:42:53","slug":"chinese-developer-country-garden-gains-hong-kong-court-backed-debt-lifeline","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-country-garden-gains-hong-kong-court-backed-debt-lifeline\/","title":{"rendered":"Chinese developer Country Garden gains Hong Kong court-backed debt lifeline"},"content":{"rendered":"


\nCountry Garden Holdings has cleared a major hurdle this week after securing approval for both its onshore and offshore restructuring plans, offering the embattled developer a lifeline amid mainland China\u2019s property downturn.
\nSources said the Hong Kong High Court on Thursday endorsed a proposal allowing the indebted developer, once the country\u2019s largest homebuilder by sales, to extend repayment of US$17.7 billion in offshore debt. The creditors now have the option to swap their debt for shares,…
\n
\nSource : South China Morning Post
\nRead more…Chinese developer Country Garden gains Hong Kong court-backed debt lifeline<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Country Garden Holdings has cleared a major hurdle this week after securing approval for both...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-166592","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-HkY","jetpack-related-posts":[{"id":143203,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/embattled-chinese-developer-shimao-seeks-offshore-investors-approval-to-restructure-us11-7-billion-debt\/","url_meta":{"origin":166592,"position":0},"title":"Embattled Chinese developer Shimao seeks offshore investors\u2019 approval to restructure US$11.7 billion debt","date":"March 25, 2024","format":false,"excerpt":"\r The Shanghai-based firm is seeking approval from offshore creditors for a restructuring plan, according to a filing made to the Hong Kong stock exchange late on Monday, as part of its latest efforts to avoid liquidation.\r \r Source : South China Morning Post\r Read more...Embattled Chinese developer Shimao seeks\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":142810,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-country-garden-receives-winding-up-petition-in-hong-kong-over-us204-million-loan\/","url_meta":{"origin":166592,"position":1},"title":"Chinese developer Country Garden receives winding-up petition in Hong Kong over US$204 million loan","date":"February 28, 2024","format":false,"excerpt":"\r Indebted developer vows to \u2018vigorously\u2019 fight the \u2018aggressive action by a sole creditor\u2019 over a \u2018low proportion\u2019 of its offshore debts.\r \r Source : South China Morning Post\r Read more...Chinese developer Country Garden receives winding-up petition in Hong Kong over US4 million loan","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":156716,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/adrian-cheng-leaves-new-world-after-securing-funding-lifeline\/","url_meta":{"origin":166592,"position":2},"title":"Adrian Cheng leaves New World after securing funding lifeline","date":"June 30, 2025","format":false,"excerpt":"\r Adrian Cheng Chi-kong, the third generation scion of New World Development (NWD), has left the company after the Hong Kong developer successfully refinanced its debt and concluded months of negotiations that pulled it back from the brink of default. Cheng resigned as non-executive director of NWD, effective July 1,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135567,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-aims-for-offshore-debt-restructuring-agreement-with-creditors-by-end-of-march-hong-kong-court-hears\/","url_meta":{"origin":166592,"position":3},"title":"China Evergrande aims for offshore debt restructuring agreement with creditors by end of March, Hong Kong court hears","date":"March 20, 2023","format":false,"excerpt":"\r The heavily indebted developer told a Hong Kong court it had the support of its overseas creditors for the proposed restructuring, and will publish the term sheets as early as Wednesday.\r \r Source : South China Morning Post\r Read more...China Evergrande aims for offshore debt restructuring agreement with creditors\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135807,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sinic-becomes-first-mainland-chinese-developer-to-be-delisted-in-hong-kong-as-debt-laden-firm-is-unable-to-set-house-in-order\/","url_meta":{"origin":166592,"position":4},"title":"Sinic becomes first mainland Chinese developer to be delisted in Hong Kong, as debt-laden firm is unable to set house in order","date":"April 7, 2023","format":false,"excerpt":"\r Shares of Sinic Holding Group, which had been suspended since September 2021, will be delisted from Thursday. At least nine other Chinese developers could be ejected from Hong Kong stock exchange in September.\r \r Source : South China Morning Post\r Read more...Sinic becomes first mainland Chinese developer to be\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124749,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-laden-chinese-developer-fantasia-and-its-chairman-rebuked-by-hong-kong-stock-exchange-for-breaching-agreement-with-spin-off-unit\/","url_meta":{"origin":166592,"position":5},"title":"Debt-laden Chinese developer Fantasia and its chairman rebuked by Hong Kong stock exchange for breaching agreement with spin-off unit","date":"February 28, 2022","format":false,"excerpt":"\r Debt-stricken Chinese developer Fantasia Holdings Group and its chairman Pan Jun have been heavily criticised by the Hong Kong stock exchange for breaching an agreement to avoid direct competition with a spin-off company.The exchange publicly rebuked Fantasia and Pan, and ordered the chairman to attend 17 hours of training\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/166592"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=166592"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/166592\/revisions"}],"predecessor-version":[{"id":166593,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/166592\/revisions\/166593"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=166592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=166592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=166592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}