The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. REUTERS/Aly Song/File Photo acquire licensing rights
Sept 19 (Reuters) – Chinese real estate developer Country Garden (2007.HK) won approval from bondholders for the last of a batch of eight local bonds for which it was seeking to spread repayments, it reported on Tuesday Bloomberg News.
Two bondholders said they were informed by an underwriter on Tuesday that the proposal to extend the 492 million yuan ($67.48 million) note had been adopted, according to the report citing people familiar with the matter. The last deadline for voting was Monday 10 p.m. (2 p.m. GMT) Beijing time.
($1 = 7.2915 Chinese yuan)
Reporting by Shubhendu Deshmukh in Bangalore; Editing by Jacqueline Wong
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