www.bloomberg.com
Country Garden, facing financial difficulties, has appointed its President, Mo Bin, as co-chairman of the board. This leadership restructuring comes after the debt-ridden Chinese developer received court approval for its offshore debt restructuring plan. The move signals an effort to navigate its current crisis and implement the approved debt overhaul strategy, likely aiming to stabilize the company and address its financial challenges. Mo Bin’s expanded role suggests increased responsibility in leading the company through this critical period.
