Country Garden Services Holdings’ Li Changjiang has resigned as its president, executive director and authorized representative amid an escalating crisis in China’s property sector.
Country Garden Holdings warned that it wouldn’t be able to meet all its offshore payment obligations on time as the Chinese property developer struggles to raise cash with sales spiraling lower.
Property developer China SCE Group Holdings has sought the suspension of trading in its U.S. dollar-denominated notes on the Hong Kong exchange as it is facing an event of default.
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by
our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact
Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.
https://www.wsj.com/articles/estate-planning-inheritance-heirlooms-will-88ba70e4
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by
our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact
Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.
https://www.wsj.com/articles/estate-planning-inheritance-heirlooms-will-88ba70e4