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China’s Country Garden dodges default on dollar bonds

Shares of a struggling property group rebounded slightly as it announced making two coupon payments. The group, which has been facing financial difficulties, experienced a decrease in share prices earlier in the day. However, this news of fulfilling its financial obligations provided some reassurance to investors and trimmed the losses.

The struggling property group has been working towards improving its financial situation amidst challenging times. By making the two coupon payments, it demonstrates its commitment to meeting its financial obligations and regaining stability. Although the share prices still experienced losses, this positive development instills confidence in the company’s ability to overcome its difficulties.

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