US forces underpowered company of heroes 2

Its failure to pay up raised concerns about its overall liabilities, which racked up to a whopping 1.4 trillion yuan (about $194 billion) as of the end of last year. The company did not respond to multiple requests for comment from CNN on the matter.

Country Garden did not immediately respond to a request for comment.Īs of early afternoon in Hong Kong Friday, its stock had reached a record low of 95 Hong Kong cents, below its previous low of 98 Hong Kong cents reached in October 2008.Įarlier this week, Country Garden stoked concerns by missing two bond payments, according to analysts. The company had said in its filing that it would “consider adopting various debt management measures,” without elaborating further, as well as lean on a task force newly set up to “cope with” its challenges. In recent weeks, the company has become the latest sign of China’s economic troubles, as it teeters on the brink of default and, by its own admission, works to save itself.Ĭountry Garden shares plunged 8.7% in Hong Kong Friday following its loss warning, as well as a report from Chinese news outlet Yicai that the firm was preparing for a debt restructuring, citing unidentified sources.ĬNN has not independently confirmed Yicai’s reporting. Fang Dongxu/FeatureChina/AP/FileĬhina's property crisis deepens as another huge developer risks default An aerial view of a residential project developed by Country Garden Holdings is seen in Zhenjiang, Jiangsu province on October 31, 2021.

US forces underpowered company of heroes 2