Shares In Country Garden Set To Rise After It Sold Stake In Projects

Shares of Country Garden are set to rise 14.8 percent on Monday after it sold a minority stake in a mixed development in Guangzhou for 1.3 billion yuan ($178.35 million).

On Friday, it also extended a creditor voting deadline to Aug. 31 to delay repayment for an onshore private bond worth 3.9 billion yuan, a filing seen by Reuters showed.

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