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Country Garden To Present Debt Revamp Plan In Second Half

Under-construction residential development by Country Garden in Shanghai

Country Garden, a prominent property developer in China, is reportedly planning to unveil a debt restructuring plan in the second half of the year. This move comes as the company seeks to address its significant debt burden and improve its financial stability.

Country Garden's decision to revamp its debt structure is seen as a strategic effort to navigate the challenges posed by the current economic environment in China. The company is likely looking to streamline its debt obligations and enhance its liquidity position to better weather any potential financial headwinds.

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