China’s Country Garden faces winding-up petition for failure to pay $204.5 million loan Reuters via biedexmarkets.com

© Reuters. FILE PHOTO: The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. REUTERS/Aly Song/File Photo

(Reuters) – China’s Country Garden Holdings said on Wednesday a winding-up petition was filed by Ever Credit Ltd against the property developer for not repaying a term loan facility worth HK$1.6 billion ($204.49 million).

($1 = 7.8244 Hong Kong dollars)

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