Country Garden to convert $1.14 bln loans to equity in debt restructuring

Country Garden Holdings

13/10/2025 16:10

Oct 13 (Reuters) - Embattled Chinese property developer Country Garden 2007.HK said on Monday its controlling shareholder had agreed to convert $1.14 billion in loans to equity as part of its offshore debt restructuring.

The company said creditors will meet on November 5 to vote on the plan.

 (Reporting by Roushni Nair in Bengaluru; Editing by Anil D'Silva)

 ((Roushni.Nair@thomsonreuters.com;))