Market Chatter: Country Garden Controlling Shareholders Propose Conversion of $1.1 Billion Loan into Shares

MT Newswires Live

2025/01/14

Country Garden's (HKG:2007) controlling shareholders proposed to convert half of a $1.1 billion shareholder loan into the property developer's shares and the remaining half into a 60% stake in a project in Malaysia, The Standard reported Tuesday.

The Chinese developer holds a 60% indirect stake in the Forest City project in Malaysia, a co-development with Malaysian developer KPRJ, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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