Country Garden Holdings, China’s largest developer by sales in 2022, warned late Thursday that it expects to report a loss of RMB 45 billion to RMB 55 billion ($6.26 billion to $7.65 billion) for the first six months of the… Read More>>
A long anticipated succession at Country Garden Holdings has moved forward as chairman and executive director Yang Guoqiang hands the reins to daughter Yang Huiyan, adding to a string of mainland developer founders stepping back from their posts during China’s… Read More>>
Country Garden Holdings, the financially stressed Chinese real estate giant, has received a helping hand this week from the company’s co-chairman as well as the Industrial and Commercial Bank of China (ICBC) through two loans totalling $928 million.
China’s top… Read More>>
Hailed as China’s richest woman, Yang Huiyan has agreed to sell a portion of her controlling stake in Country Garden Services Holdings for about HK$5.06 billion ($650 million) to mark the third major sale of equity in the group within… Read More>>
The richest woman in China, Yang Huiyan, has plumped her gaudy profile even further, becoming co-chair of Hong Kong-listed Country Garden Holdings alongside her father, self-made tycoon Yang Guoqiang, or Yeung Kwok Keung as he is known in Hong Kong.
Guangzhou-based developer Country Garden has successfully sold off RMB 1.7 billion ($270 million) in securities backed by cashflows from its rental housing initiative, according to a report in the official Shanghai Securities News on Friday.
The sale, which has been… Read More>>
China’s Country Garden has scooped up a residential site in a suburb of Melbourne for A$400 million ($303.6 million), where it could build more than 4,000 houses.
Should the deal by the top five mainland developer win approval from Australia’s… Read More>>