Category: Country Garden

Wealth of China’s Richest Woman Halved, Sells Shares to Cash In

December 17, 2022
ChinaChina Business & EconomyChina real estate marketCountry GardenYang Huiyan
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Yang Huiyan, the richest woman in China, recently sold about 7 per cent of her stake in Country Garden Services Holdings, cashing out about HK$5.055 billion (approx. $660 million). The share price fell nearly 16 percent the next day. The “2022 Hurun Women Entrepreneurs List,” released on Dec. 12, ranked Yang as China’s richest woman…

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Chinese Real Estate Giant Country Garden Downgraded to ‘Hold’ with Debts Risks

November 1, 2022
ChinaChina Business & EconomyCountry Gardenevergrandereal estate
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China’s largest private-sector developer, Country Garden (02007.HK), was recently downgraded from investment level due to its sluggish cash flow, closing to a debt default. The real estate giant has launched several rounds of self-help efforts since last year, including cutting the annual salary of its founder by 97 percent. HSBC Research in an October report…

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