BEIJING, Oct 10 ― Debt-saddled Chinese property giant Country Garden said today that it did not expect to meet all of its offshore payment obligations in time as it battles to...
1MDB’s RM2.28b went through many banks overseas before coming back to Malaysia and into Najib’s accounts, Bank Negara analyst says
“Such non-payment may lead to relevant creditors of the Group demanding acceleration of payment of the relevant indebtedness owed to them or pursuing enforcement action,” the firm warned.It promised to develop a “holistic solution in a fair and equitable manner” in repaying its debt obligations. Country Garden ― one of China's biggest property developers ― had racked up debts estimated at 1.43 trillion yuan by the end of 2022.
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