Latest news for China Vanke Co (OTC:CHVKF) Stock

China Vanke is a large real estate developer in China with residential property sales among the top three of all peers through the past five years. While property development accounts for most of its revenue and earnings, it has expanded its business presence in investment properties such as commercial retail complexes, long-term leasing apartments, and leasable logistical assets. China Vanke also owns an over-60% equity interest in its property management division Onewo, which manages the second-largest gross floor area in China. It is dual-listed in Shenzhen and Hong Kong, and state-owned Shenzhen Metro is the largest shareholder with a 27.2% stake.

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Over the past 12 months, about two-thirds of Chinese property developers have defaulted on their offshore debt. The most recent debt default was by China SCE Group Holdings Ltd.

There Are Now Just 14 Chinese Property Developers Who Have Still Not Defaulted - Who Are They?

CHINA VANKE CO LTD. ORD by China Vanke Co., Ltd.

China Vanke Co Ltd

UBS analyst Jay Sole maintains Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) with a Sell and raises the price target from $14 to $16.

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UBS Maintains Sell on Gap, Raises Price Target to $16

UBS analyst Mark Carden maintains BJ's Wholesale Club (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) with a Buy and raises the price target from $102 to $108.

UBS Maintains Buy on BJ's Wholesale Club, Raises Price Target to $108

UBS analyst Steven Fisher maintains Deere (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) with a Neutral and raises the price target from $404 to $462.

UBS Maintains Neutral on Deere, Raises Price Target to $462

UBS analyst Karl Keirstead maintains Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Neutral and raises the price target from $275 to $360.

UBS Maintains Neutral on Salesforce, Raises Price Target to $360

Jefferies analyst Lloyd Byrne maintains Bloom Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) with a Hold and raises the price target from $12 to $22.

Jefferies Maintains Hold on Bloom Energy, Raises Price Target to $22

Jefferies analyst Jonathan Petersen maintains SL Green Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLG#NYSE">SLG</a>) with a Hold and raises the price target from $70 to $72.

Jefferies Maintains Hold on SL Green Realty, Raises Price Target to $72

Ocean Biomedical, Inc. (NASDAQ: OCEA), today announced that on November 18, 2024, it received a notice from The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company has not yet filed its Quarterly Report on Form 10-Q for the period ended September 30, 2024 (the "Form 10-Q"), the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission (the "SEC").
Ocean Biomedical is delayed in filing the Form 10-Q as a result of previously disclosed developments with respect to filing of its 10-K for the year ended December 31, 2023.
The current notice will have no immediate effect on the listing or trading of Ocean Biomedical's common stock on Nasdaq, although there can be no assurances that further delays in the filing of the Form 10-Q will not have an impact on the listing or trading of the company's common stock. On October 16, 2024, Staff notified the Company that since it failed to timely file its Form 10-K for the year ended December 31, 2023, and its Forms 10-Q for the periods ended March 31, 2024 and June 30, 2024, the Company's securities were subject to delisting. The Company is now delinquent in the filing its form 10-Q for the period ended September 30, 2024. Accordingly, this matter serves as an additional basis for delisting the Company's securities from The Nasdaq Stock Market. This is formal notification that the Nasdaq Hearings Panel (the "Panel") will consider this matter in their decision regarding the Company's continued listing on The Nasdaq Capital Market, which hearing is scheduled for December 16, 2024. The Company intends to file the delinquent Forms 10-Q and 10-K as soon as practicable.

OCEA

Ocean Biomedical Announces Receipt Of Notice From Nasdaq Regarding Late Filing Of Quarterly Report

DA Davidson analyst Gil Luria maintains Procore Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCOR#NYSE">PCOR</a>) with a Neutral and raises the price target from $60 to $70.

PCOR

DA Davidson Maintains Neutral on Procore Technologies, Raises Price Target to $70

Chesapeake Utilities Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPK#NYSE">CPK</a>) ("Chesapeake Utilities" or the "Company") today announced that it has established an at-the-market equity offering program (the "ATM Program") under which it may, from time to time, sell shares of its common stock having an aggregate sales price of up to $100,000,000 (the "Shares"). Chesapeake Utilities has entered into an equity distribution agreement with each of RBC Capital Markets, LLC, Barclays Capital Inc., Janney Montgomery Scott LLC, Ladenburg Thalmann &amp; Co. Inc., Guggenheim Securities, LLC, Citizens JMP Securities, LLC, M&amp;T Securities, Inc., Maxim Group LLC, PNC Capital Markets LLC, and Siebert Williams Shank &amp; Co., LLC (collectively, the "Sales Agents"), as sales agents. Pursuant to the equity distribution agreement, sales of the Shares may be made in transactions deemed to be "at-the-market offerings," as defined in Rule 415 under the Securities Act of 1933, as amended, including by sales made directly on or through the New York Stock Exchange. Chesapeake Utilities intends to use the proceeds from the sales, if any, of the Shares for general corporate purposes, including, but not limited to, financing of capital expenditures, repayment of short-term debt, financing acquisitions, investing in subsidiaries, and general working capital purposes.

Offerings

Chesapeake Utilities Corporation Announces $100M At-The-Market Equity Offering Program

DA Davidson analyst Gil Luria maintains NVIDIA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) with a Neutral and raises the price target from $90 to $135.

NVDA

DA Davidson Maintains Neutral on NVIDIA, Raises Price Target to $135

DA Davidson analyst Gil Luria maintains Elastic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) with a Neutral and raises the price target from $75 to $115.

ESTC

DA Davidson Maintains Neutral on Elastic, Raises Price Target to $115

<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42131449/with-gary-gensler-preparing-to-quit-in-2025-secs-crypto-cases-likely-to-quietly-go-away-amid-trumps-pro-bitcoin-stance-says-pantera-capitals-katrina-paglia">President-elect Donald Trump</a> needs to find someone else to replace US Securities and Exchange Commission chair Gary Gensler. 
The Details: According to <a href="https://www.bloomberg.com/news/articles/2024-11-22/robinhood-s-gallagher-drops-out-of-sec-chair-consideration?sref=TBDibEcD">Bloomberg</a>, Dan Gallagher, chief legal officer at Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) has removed himself from consideration as head of the SEC.
Gallagher expressed his intention to remain at Robinhood in an emailed statement. 
&#8220;It is always an honor to have your name in the mix for an incredibly important job like SEC Chairman. However, I have made it clear that I do not wish to be considered for this position,&#8221; Gallagher said.&nbsp;
&#8220;I am committed to Robinhood and our millions of customers who represent the new generation of retail investors.&#8221;
Read More: <a href="https://www.benzinga.com/general/social-media/24/11/42119493/rumble-eyes-buying-bitcoin-could-it-be-the-next-microstrategy">Rumble CEO Considers Bitcoin Investment, Engages Michael Saylor As Shares Rally</a>
Gallagher has been Robinhood's chief legal officer since 2020. He steered the company through the GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) meme stock saga and Trump considered him a top <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41212008/trump-considers-robinhood-exec-dan-gallagher-for-sec-chair-if-re-elected">contender for the position</a>. He was a Republican SEC commissioner from 2011 to 2015, and previously served in other senior roles in the agency. 
The crypto community favored Gallagher, feeling he would <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41876266/bitcoin-blasts-past-82000-buy-everything-you-can-says-bernstein">help to advance</a> pro-crypto regulatory change.
Among the other names being floated for SEC chair include: Robert Stebbins, the SEC's former general counsel; Paul Atkins, former SEC commissioner; and Brian Brooks, former <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42053981/trump-sec-pick-speculation-sends-this-altcoin-soaring-past-bitcoin-and-ethereum-in-daily-gains">cryptocurrency executive</a> and former acting comptroller of the currency. 
As for Gallagher, he will stay on as head legal counsel at Robinhood.&nbsp;
"I will remain a vocal and consistent advocate for positive change in our markets,&#8221; Gallagher said. He added that he is &#8220;excited to work with the incoming Trump Administration, including the next SEC Chairman and the SEC staff, to promote innovation and provide more opportunity for retail investors.&#8221;
Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Robinhood shares ended Friday's session up 4.45% at $36.65. 
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Robinhood's Gallagher Bows Out Of SEC Chair Consideration Under Incoming Trump Administration

Jefferies analyst Omar Nokta maintains Navigator Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVGS#NYSE">NVGS</a>) with a Buy and maintains $20 price target.

NVGS

Jefferies Maintains Buy on Navigator Holdings, Maintains $20 Price Target

Despite widespread anticipation that NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)'s quarterly results would dictate Wall Street's year-end trajectory, the stock market delivered a robust weekly rebound — even in the absence <a href="https://www.benzinga.com/quote/NVDA/news">of its AI darling.</a>
While the semiconductor titan beat analyst expectations on both earnings and revenue for the third quarter, Nvidia's stock remained flat for the week.
Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), the parent company of Google, faced sharp turbulence. Shares tumbled after the U.S. Department of Justice called for the divestiture of Chrome in a bid to curb Google's dominance in search and digital advertising.
The sell-off wiped out over $120 billion in market capitalization on Thursday alone.
A <a href="https://www.benzinga.com/tech/24/11/42140450/doj-targets-google-chrome-poll-shows-64-oppose-alphabet-breakup-youtube-seen-as-top-prize">recent Benzinga poll indicates</a> 64% of respondents oppose breaking up Alphabet, with YouTube viewed as the company's most valuable asset.
On the economic front, <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42141413/us-business-activity-soars-to-31-month-highs-in-november-small-caps-rally-dow-tops-44000">U.S. private sector activity expanded significantly</a> in November, as reflected in S&amp;P Global's Purchasing Managers' Index surveys. The services sector, in particular, surged at its fastest pace since March 2022, while price pressures continued to recede, creating less headwinds for the Federal Reserve.
Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rally shows no signs of cooling, with the cryptocurrency notching its fourth consecutive week of gains and hovering around the <a href="https://www.benzinga.com/24/11/42130693/bitcoins-path-to-100k-inevitable-but-leverage-to-the-gills-warns-mike-novogratz-predicts-80k-correction-ahead">historic $100,000 threshold.</a>
The U.S. dollar also maintained its upward momentum, rising for the eighth straight week to <a href="https://www.benzinga.com/news/econ-s/24/11/42138717/dollar-hits-2-year-highs-as-europes-recession-signals-spark-euro-pound-sell-offs">reach two-year highs.</a> This latest rally, however, stemmed largely from external turmoil, as escalating geopolitical tensions between Russia and Ukraine, coupled with worsening economic momentum in Europe, triggered sharp weekly sell-offs in the euro and the British pound.
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President-elect Donald Trump advocates for increased fossil fuel production with his &#8220;drill, baby, drill&#8221; policy. In contrast, Elon Musk, co-leader of the proposed Department of Government Efficiency (DOGE), envisions a future dominated by solar energy. UBS analysts recommend investors consider renewable energy stocks following their <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42130859/as-trump-backs-drill-baby-drill-his-doge-co-lead-elon-musk-believes-all-energy-generation-will-be-solar-heres-what-ubs-recommends-after-election-dip">election-induced market dip.</a>
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Cathie Wood of Ark Invest anticipates the Trump administration will provide regulatory clarity for Bitcoin and other digital assets, potentially incorporating them into <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42136536/ark-invests-cathie-wood-says-team-trump-would-give-regulatory-clarity-for-bitcoin-and-other-digital-assets-which-they-may-put-in-the-treasurys-strategic-reserve">the Treasury&#8217;s strategic reserve</a>.
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General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) is reportedly preparing to enter Formula One in 2026, potentially partnering with Andretti Autosport. This move would mark GM&#8217;s first foray into F1, aligning with its global <a href="https://www.benzinga.com/24/11/42135392/general-motors-gears-up-for-potential-f1-entry-in-2026-report">motorsport expansion strategy.</a>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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Wall Street Rebounds Without Its AI Darling's Boost, King Dollar Maintains Dominance While Bitcoin Defies Gravity: This Week In The Markets

Rosenblatt analyst Catharine Trebnick maintains Zoom Video Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) with a Buy and maintains $78 price target.

Rosenblatt Maintains Buy on Zoom Video Comms, Maintains $78 Price Target

Bill Gates outspent fellow billionaire Jeff Bezos to construct one of the <a href="https://www.benzinga.com/general/entertainment/24/09/40860724/bezos-doesnt-sunbathe-alone-on-his-25m-a-year-superyacht-as-he-hosts-kim-kardashian-leonard">most expensive yachts ever</a>. Yet, he doesn&#8217;t seem too keen on owning it for himself.
What Happened: The Microsoft co-founder, known for his <a href="https://www.benzinga.com/general/education/24/10/41580000/bill-gates-turns-69-5-things-you-might-not-know-about-microsoft-co-founder">emphasis on sustainable energy</a>, commissioned a superyacht to be made using fuel cells.
The groundbreaking vessel, known as Breakthrough, has completed its sea trials. It is also set to be sold after Gates passed on buying it, as <a href="https://luxurylaunches.com/transport/bill-gates-645-million-fuel-cell-superyacht-has-finally-completed-its-extensive-sea-trials-powered-by-liquid-hydrogen-stored-at-a-bone-chilling-423f-nearly-as-cold-as-outer-space-the-mammo.php">reported </a>by LuxuryLaunches.
The $645 million superyacht is powered by liquid hydrogen, and stored at -423 degrees Fahrenheit. That makes it nearly as cold as outer space.
Along with using hydrogen power to travel, the yacht&#8217;s amenities are powered with emission-free energy thanks to green hydrogen.
Breakthrough completed trials near Amsterdam. The boat now heads to Edmiston, a seller of luxury yachts.
Coming in at 390 feet long, the Breakthrough is not quite as long as Bezos&#8217; 417-foot Koru vessel. Recall how the Amazon.com founder had difficulty getting the $500-million boat <a href="https://www.benzinga.com/news/22/08/28385974/jeff-bezos-500-million-superyacht-has-been-relocated-after-bridge-controversy-avoids-getting-egged-i">out of a shipyard.</a>
The Koru, which has its own support vessel spanning 250 feet long, comes with estimated annual operating costs of $25 million.
Breakthrough comes with an even higher price tag and is the first superyacht to be fuel-cell powered. It also features many amenities fit for Gates: a library, movie theater, basketball court, pool and onboard fully equipped hospital.
You may not be a billionaire like Bill Gates, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/general/entertainment/24/10/41187322/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">check out five stocks flying under the radar that deserve your attention.</a>
What&#8217;s Next: Gates not taking ownership of the superyacht could take away from the huge fuel-cell accomplishment. Also, there are relatively few potential owners who can afford the $645 million price tag.
"The brief was to build the greenest and most environmentally advanced yacht ever built, without compromise," Edmiston CEO Jamie Edmiston previously said, as <a href="https://www.forbes.com.au/life/boats/first-look-at-game-changing-1-billion-hydrogen-superyacht/">reported </a>by Forbes. "It was a huge challenge, but one that the team has embraced and delivered on."
It is unknown why Gates decided not to take ownership of the superyacht he commissioned.
Gates, the sixth-richest person in the world, is worth an estimated $160 billion according to <a href="https://www.bloomberg.com/billionaires/?sref=TBDibEcD">Bloomberg</a>.
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Image via Flickr/ World Economic Forum

Education

Bill Gates Has Superyacht Powered By Liquid Nitrogen: It's Already For Sale After Sea Trials

The Company has been and continues to work diligently to complete the financial reporting process for the Form 10-Q and will file it as soon as possible. At the same time, the Company is continuing to work on implementing changes to address the issues that have caused delays in its timely filing or reports with the SEC. With the Thanksgiving Holiday next week, we will be unable to file the Form 10-Q until the first or second week of December. At that time, we will also refile the pending Registration Statement on Form S-1 (File No. 333-279091) (the "Form S-1").

TPCS

TechPrecision Receives Notification From Nasdaq Related To Delayed Quarterly Report

SSKN

Strata Skin Sciences Files For Mixed Shelf Offering Of Up To $25M

Trident Digital Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDTH#NASDAQ">TDTH</a>) reported $378.84 thousand in sales this quarter. This is a 21.27 percent decrease over sales of $481.17 thousand the same period last year.

Earnings

TDTH

Trident Digital Tech H1 Sales $378.84K Down From $481.17K YoY

SWAG

Stran & Company Notified Of Nasdaq Deficiency Due To Delayed Filing Of Q3 2024 Form 10-Q, Violating Listing Rule 5250(c)(1)

China Vanke Co (HK:2202) has released an update. China Vanke Co., Ltd. has released its unaudited interim financial results for the first half of 2...

China Vanke Announces Mid-Year Financials for 2024

China Vanke Co (HK:2202) has released an update. China Vanke Co., Ltd. reports robust sales performance for August 2024, with contract sales reachi...

China Vanke Co. Announces Strong August Sales

Lazard Emerging Markets Equity Portfolio Q2 2024 Commentary

Lazard Retirement Emerging Markets Equity Portfolio Q2 2024 Commentary

China Vanke Co (HK:2202) has released an update. China Vanke Co., Ltd. has issued a modification announcement, clarifying inaccuracies in previous ...

China Vanke Corrects Board Member's Record

China Vanke Co (HK:2202) has released an update. China Vanke Co. reported a robust performance for September 2024, achieving contract sales of 1,23...

China Vanke Co. Reports Strong September Sales

China Vanke Co (HK:2202) has released an update. China Vanke Co. reported a significant decline in revenue and profits for the first nine months of...

China Vanke Faces Revenue and Profit Decline in 2024

China Vanke Co (HK:2202) has released an update. China Vanke Co. has approved its 2024 Third Quarter Report, revealing a significant provision for ...

China Vanke Approves Key Financial and Structural Changes

China Vanke ( ($CHVKF) ) has realeased its Q3 earnings. Here is a breakdown of the information China Vanke presented to its investors. China Vanke ...

China Vanke Reports Significant Losses Amidst Market Challenges

China Vanke Co (HK:2202) has released an update. China Vanke Co. reported contract sales of RMB21.36 billion in October 2024 and accumulated sales ...

China Vanke Reports Strong Sales and New Projects

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China Vanke Co

Over the past 12 months, about two-thirds of Chinese property developers have defaulted on their offshore debt. The most recent debt default was by China SCE Group Holdings Ltd. which had $1.8 billion in bonds suspended last week after saying that it could not meet principal and interest repayments.&nbsp;Country Garden Holdings Limited (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CTRYF#OTC">CTRYF</a>) said Tuesday that it would be seeking to renegotiate debt terms with its offshore bondholders.

As of today, there are now just 14 major developers out of 54 in China left who have yet to default on their offshore bonds. Those developers to watch out for are:

<ul>
	<li>Agile Group Holdings Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AGPPY#OTC">AGPPY</a>)</li>
	<li>Shui On Land Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SOLLY#OTC">SOLLY</a>)</li>
	<li>China Jinmao Holdings Group Ltd.</li>
	<li>China Vanke Co. Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CHVKF#OTC">CHVKF</a>)</li>
	<li>Seazen Group Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SZENF#OTC">SZENF</a>)</li>
	<li>Sino-Ocean Group Holding Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SIOLY#OTC">SIOLY</a>)</li>
	<li>Greentown China Holdings Ltd.</li>
	<li>RK Properties International Ltd.</li>
	<li>Longfor Group Holdings Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LGFRY#OTC">LGFRY</a>)</li>
	<li>Dalian Wanda Group Co.</li>
	<li>China South City Holdings Ltd.</li>
	<li>Yanlord Land Group Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/YLDGY#OTC">YLDGY</a>)</li>
	<li>Hopson Development Holdings Ltd.</li>
	<li>Gemdale Corp.</li>
</ul>

Confidence among investors as to the creditworthiness of these developers appears to be waning with the increased number of default cases.

Among the 14 non-defaulting companies, 10 of them are listed on the Hong Kong Stock Exchange. In a market-cap-weighted index of the listed&nbsp;companies, share prices&nbsp;fell Tuesday by 0.13% vs a rise of 0.85% for the Hang Seng Index.

Why It Matters:&nbsp;Country Garden&#39;s shares plunged 11% in Hong Kong&nbsp;Tuesday after it missed a debt repayment and announced&nbsp;that it was appointing advisors and lawyers to handle discussions with its offshore debt holders.

&ldquo;We wish to pursue a holistic solution to fully address the Company&rsquo;s current offshore debt risk, to enable the Company to restore its business operations and achieve long-term healthy development and, to the greatest extent, protect the rights and interests of all stakeholders including customers, employees and creditors,&rdquo; the company <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2023/1010/2023101000054.pdf" style="color:#0563c1">said</a> in an exchange filing.

The latest admission of a credit squeeze by China&rsquo;s largest property firm by number of developments comes on the back of a wave of defaults this year by other developers on their bonds.

Country Garden had delivered 1.12 million housing units as of September 2023, the company said. Pre-sale funds for housing units that are currently in development are stored in escrow accounts, it added.

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