China's Country Garden warns it could fail to pay offshore debt obligations
HONG KONG (Reuters) -China's Country Garden Holdings said it might not be able to meet all of its offshore payment obligations when due or within the relevant grace periods, as the country's largest private property developer grapples with debt restructuring. "Such non-payment may lead to relevant creditors of the Group demanding acceleration of payment of the relevant indebtedness owed to them or pursuing enforcement action," the company said in a Hong Kong Stock Exchange filing on Tuesday. Companies accounting for 40% of Chinese home sales - mostly private property deve...