Country Garden
Country Garden's $1.14 Billion Debt-to-Equity Swap: A Pivotal Moment for China's Property Market
In a significant development for China's beleaguered real estate sector, Country Garden Holdings (HKEX: 2007), once the nation's largest property developer, announced today, October 13, 2025, that its controlling shareholder has agreed to convert $1.14 billion in loans into equity. This pivotal move is a