AsianFin -- Country Garden Holdings Co. announced that it will resume trading in Hong Kong at 9 a.m. on Tuesday, following progress in its debt restructuring efforts. The Chinese property giant revealed that it has met the requirements for resumption outlined by the exchange in an official filing early Tuesday morning.
This development comes after Country Garden expressed confidence on Monday that it would reach a deal with creditors regarding its debt restructuring plan by the end of February. Additionally, a Hong Kong court has delayed a hearing on a liquidation petition, providing the company with more time to finalize the agreement.
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