Who owns Country Garden?
It is owned by Yang Guoqiang’s family. Country Garden Properties (Malaysia) Sdn. Bhd. Country Garden Danga Bay Sdn. Bhd. Just two years ago she was the richest woman in Asia with an estimated $29. Yang Huiyan, the chair and majority owner of Chinese property developer Country Garden Holdings, is battling to save the company from collapsing into default.Yang Huiyan (simplified Chinese: 杨惠妍; traditional Chinese: 楊惠妍; pinyin: Yáng Huìyán; born 1981) is a Chinese-born billionaire businesswoman and property developer. She is the chairwoman and the majority shareholder of Country Garden Holdings, a stake largely transferred to her by her father Yang Guoqiang in 2007.As of May 2025, he has a net worth of US$56 billion, and he was ranked the wealthiest person in China since 2022 until Zhang Yiming surpassed him in 2025. His source of wealth is derived mainly from his business stakes and interests in the Chinese beverage and pharmaceutical industries.
What is the history of Country Gardens?
Country Gardens is an old English folk tune traditionally used for Morris dancing. It was introduced by traditional folk musician William Kimber to Cecil Sharp near the beginning of the twentieth century, then popularised by a diverse range of musicians from Percy Grainger and David Stanhope to Jimmie Rodgers. Country Gardens’ was Percy Grainger’s biggest hit, both as a concert piece and a piano roll. It is based on an English morris dance tune collected by Cecil Sharp, with whom he shared the royalties for a time.
What is the situation with country garden?
Country Garden remains the subject to a liquidation petition, with a court hearing scheduled for January 2026. The developer said it was working with both bondholders and bank creditors to complete the documentation for the restructuring, which it expects to finalise by the end of 2025. Once a top developer by sales in the country, Country Garden defaulted on its offshore debt in late 2023 and is now trying to gain lenders’ support on its restructuring proposal that aims to cut $14.Country Garden remains the subject to a liquidation petition, with a court hearing scheduled for January 2026. The developer said it was working with both bondholders and bank creditors to complete the documentation for the restructuring, which it expects to finalise by the end of 2025.Once China’s largest real estate developer with sales of CNY441. USD60. Country Garden defaulted in October 2023 following an overly aggressive expansion and industry-wide downturn.
How much debt does Country Garden have?
Country Garden had US$16. US$10. US$3. Its total liabilities stood at US$164 billion as of the end of 2023, down from US$195 billion a year earlier. Once China’s largest property developer by sales, Country Garden had US$16. December 2023.
Has Country Garden defaulted?
Once China’s largest developer, Country Garden defaulted on $11 billion in offshore bonds in late 2023 and continues to face a liquidation petition, with a court hearing scheduled for January 2026. Many developers were unable to adhere to the new rules as their finances were already stretched. In 2021, Evergrande defaulted on more than $300 billion, triggering the beginning of China’s property crisis. Two more property giants, Country Garden and Sunac, defaulted in 2022.