Country Garden’s cash flow in focus as troubled firm set to report $7.5 bln loss

The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. REUTERS/Aly Song/File Photo Acquire Licensing Rights HONG KONG, Aug 30 (Reuters) – Just how cash-strapped embattled Country Garden Holdings (2007.HK) is will be the focus when China’s largest private property developer is due to report its first-half results on Wednesday. The liquidity stress in the company became public this month after it missed two dollar coupon payments and sought to extend an onshore private bond repayment, deepening contagion fears in China’s struggling property sector, and the wider economy….