Country Garden’s Chair Says Confident in Repairing Balance Sheet
- Yang says family will support property giant for fast recovery
- Local bond test looms for company as regulator meets holders
A Country Garden Holdings development.
Source: Bloomberg
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Country Garden Holdings Co.’s Chair Yang Huiyan says she is “very confident” the company can repair its balance sheet and pledged the founding family’s support for the ailing Chinese property giant.
The path to fix the balance sheet is “very clear and can be achieved,” Yang said at a monthly management meeting held Friday, according to a statement on the developer’s WeChat account. Country Garden “will strive to become a model for the quick recovery” of distressed companies, she added.