Previous close | 0.1000 |
Open | 0.1600 |
Bid | 0.0000 x 0 |
Ask | 0.0000 x 0 |
Day's range | 0.1400 - 0.2625 |
52-week range | 0.0400 - 0.2625 |
Volume | |
Avg. volume | 41,354 |
Market cap | 4.198B |
Beta (5Y monthly) | 2.21 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 08 Jun 2022 |
1y target est | N/A |
(Bloomberg) -- Country Garden Holdings Co. has begun a major legal battle, squaring off in a Hong Kong court against a creditor seeking the liquidation of the defaulted Chinese developer. Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Inflationary Fo
A Hong Kong court adjourned to June 11 a hearing of a petition on Friday seeking liquidation of Country Garden, providing a breather to the embattled Chinese developer amid Beijing's efforts to revive the crisis-hit property sector. A Hong Kong firm filed the petition against Country Garden in February for non-payment of a $205 million loan. The developer defaulted on $11 billion of offshore bonds last year and is in the process of an offshore debt restructuring.
Last week, Country Garden revealed that it had missed an interest payment on onshore bonds guaranteed by a state-owned financial firm.