Australian Mercantile Collections

Country Garden: China property giant suspends shares in Hong Kong

Country Garden: China property giant suspends shares in Hong Kong

  • By Mariko Oi
  • Business reporter

Image source, Getty Images

Image caption,

Country Garden said last week it would delay is annual earnings report as it faces a winding-up petition

Crisis-hit Chinese property developer Country Garden has suspended trade in its shares on the Hong Kong Stock Exchange after delaying the publication of its annual financial results.

The firm said last week that it needed more time to collect information as it restructures its debts.

It defaulted on…

View the full article to continue reading…