China's Country Garden faces liquidation proceedings
Country Garden follows on the heels of China Evergrande, the world's most indebted property developer, which was ordered to be wound up by a Hong Kong court at the end of January.
Country Garden follows on the heels of China Evergrande, the world's most indebted property developer, which was ordered to be wound up by a Hong Kong court at the end of January.
"Among the upgrades is the construction of a checkpoint for the Royal Malaysian Customs Department to relocate the existing checkpoint to a new place.
“Our joint venture with them for this Diamond City project is ongoing.
Yesterday (April 13), the Federal Court dismissed the leave applications brought by Country Garden Danga Bay Sdn Bhd (CGDB) against a group of seven unit purchasers of Country Garden Danga Bay, Johor Bahru.
KUALA LUMPUR (Sept 25): The Evergrande Real Estate Group debt problem will not have a major impact on “the financial health and operations” of Country Garden Holdings Co Ltd in Malaysia, a number of analysts “monitoring the situation” told The Edge Malaysia this week.
KUALA LUMPUR (Sept 2): Mega China developer Country Garden Holdings has reduced “its workforce and sales team” in Malaysia “by two-thirds over the past two years,” according to a report by the South China Morning Post (SCMP).
GELANG PATAH (Aug 25): Country Garden Group has appointed Peng Guoqiang (pictured) as its regional president for Malaysia-Singapore.
PUTRAJAYA (July 7): The Court of Appeal in a unanimous decision yesterday, dismissed the appeal by Johor-based developer Country Garden Danga Bay Sdn Bhd (CGDB) for a judicial review over the High Court and Tribunal of Homebuyers Claims’ decision to award damages for late delivery claims to seven homebuyers of a service apartment.
KUALA LUMPUR (Oct 22): Country Garden Holdings Co Ltd, which is the Johor state government’s joint venture partner in the Forest City property project in Johor, had today issued US$1 billion worth of bonds, which will be listed on the Singapore Exchange Ltd (SGX) tomorrow.