Country Garden's Financial Lifeline: Houlihan and CICC Return to Rescue Troubled Developer

Country Garden Holdings is taking a strategic approach to its offshore debt restructuring by re-engaging Houlihan Lokey Inc. and China International Capital Corp. as key financial advisers. The property developer is working to rebuild creditor confidence and garner support for its comprehensive debt resolution plan, according to people with direct knowledge of the negotiations.
By bringing back these experienced financial institutions, Country Garden signals its commitment to finding a transparent and viable path forward amid challenging market conditions. The move underscores the company's proactive efforts to address its financial challenges and restore investor trust in its restructuring strategy.
The re-engagement of these respected financial advisers suggests that Country Garden is carefully crafting a nuanced approach to managing its offshore debt, aiming to balance the interests of creditors while stabilizing its financial position in a complex economic landscape.