Hong Kong High Court dismisses winding up petition against Country Garden

The Hong Kong High Court dismissed a winding-up petition against Country Garden today. The case was filed in 2024 regarding an unpaid 205 million dollar loan.

Insights:
The Hong Kong HKHK High Court on Monday dismissed a winding-up petition filed against Country Garden Holdings Company Limited , removing a specific legal liquidation threat that had been pending since early 2024. The petition, which was brought by Ever Credit Ltd in February 2024, involved an alleged unpaid loan of $205 million. The dismissal concludes a legal process that had seen multiple adjournments over the past two years.
A drone view shows an under-construction residential development by Country Garden in Shanghai, China, on February 29, 2024. REUTERS/Xihao Jiang/File Photo
A drone view shows an under-construction residential development by Country Garden in Shanghai, China, on February 29, 2024. REUTERS/Xihao Jiang/File Photo
IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.