Published 1 month ago

China’s Country Garden hires Kroll to carry out liquidation analysis, sources say

Summary by Ground News

Country Garden has picked Kroll to carry out a liquidation analysis, according to three sources. The move comes ahead of a court hearing in mid-May as the embattled Chinese developer pushes ahead with its offshore debt restructuring plan. Kroll is expected to conduct an independent business review of Country Garden before projecting a recovery rate.

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South China Morning Post

Developer Country Garden downplays hiring Kroll for liquidation analysis

Distressed Chinese property developer downplays the possibility of a liquidation after it hired the financial advisory firm to assess the amount of money creditors could recover in such an event.

1 month ago·Hong Kong

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WTVB

China’s Country Garden hires Kroll to carry out liquidation analysis, sources say

HONG KONG/SYDNEY (Reuters) – Country Garden has picked Kroll to carry out a liquidation analysis, according to three sources, ahead of a court hearing in mid-May as the embattled Chinese developer pushes ahead with its offshore debt restructuring plan. Kroll, the New York-headquartered financial advisory firm, is expected to conduct an independent business review of Country Garden before projecting a recovery rate for the developer’s credito…

1 month ago

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