The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023.
Kobre hosted a call with some of Country Garden's offshore creditors on Tuesday night, during which the law firm laid out Country Garden's primary business units, core assets which include its onshore and offshore property projects.
A spokesperson for Country Garden on Wednesday declined to comment when asked by Reuters about the possibility of some offshore bondholders forming a group for debt restructuring talks.
Country Garden has been talking with its onshore creditors to extend a 3.9 billion yuan private bond due Saturday.
Country Garden's shares fell another 3.3% on Wednesday, taking its losses in the last month alone to more than 40%.
Persons:
Aly, HONG KONG, John Han, Kim, Kobre, Han, Xie Yu, Sumeet Chatterjee, Kim Coghill
Organizations:
Shanghai Country Garden, REUTERS, Kobre, Reuters, Garden, Thomson
Locations:
Shanghai, China, HONG, New York, HK, Hong Kong