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When China's largest developer Country Garden first skipped debt payments in August, its shares tumbled 14%, marking a reversal of fortunes: from industry poster child to another troubled property...
BEIJING: When China's largest developer Country Garden first skipped debt payments in August, its shares tumbled 14 per cent, marking a reversal of fortunes: from indust
Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the nation's biggest private property developer, four people familiar with the plan said.
By P.R. Venkat Ping An Insurance denied a news report that the company was asked by authorities to take over Country Garden Holdings and its debts. The company hereby solemnly declares...
The Hong Kong-listed shares of China's Ping An Insurance Group fell more than 4% on Wednesday after Reuters reported that Chinese authorities had asked the company to take a controlling stake in...