Country Garden secures $1.14 billion loan-to-equity conversion as part of restructuring
PositiveFinancial Markets

Country Garden has successfully secured a $1.14 billion loan-to-equity conversion as part of its restructuring efforts. This move is significant as it not only strengthens the company's financial position but also demonstrates its commitment to overcoming challenges in the current market. By converting debt into equity, Country Garden is paving the way for a more sustainable future, which is crucial for its stakeholders and the broader real estate sector.
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