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COUNTRY GARDEN In Talks to Sell London Residential Project Valued at GBP450M - Wire
COUNTRY GARDEN (02007.HK) has been selling off its overseas assets to pay off its debts as it faces humungous debt pressure. According to a report by guandian.cn, COUNTRY GARDEN, a...
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COUNTRY GARDEN In Talks to Sell London Residential Project Valued at GBP450M - Wire
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COUNTRY GARDEN (02007.HK)  -0.010 (-2.326%)    Short selling $2.31M; Ratio 16.705%   has been selling off its overseas assets to pay off its debts as it faces humungous debt pressure. According to a report by guandian.cn, COUNTRY GARDEN, after exiting Australia market, is also withdrawing from the UK from this week.

COUNTRY GARDEN is considering selling Ailsa Wharf, a residential development project in East London, having hired KPMG to restructure its debt. The project is planned for 952 homes with a total value of around GBP450 million.

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The site was purchased by COUNTRY GARDEN in 2018 in conjunction with GET NICE (00064.HK)  0.000 (0.000%)   , which at the time planned to develop 13 buildings comprising 785 homes and office space, with completion expected in 2021.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-04-29 16:25.)

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