Comment on Country Garden is set to pay its chairperson $28 million in dividends. Bondholders are now eyeing her huge $5.3 billion fortune

Country Garden is set to pay its chairperson $28 million in dividends. Bondholders are now eyeing her huge $5.3 billion fortune

Country Garden chairperson Yang Huiyan's next move is under scrutiny after the real-estate giant missed two missed bond coupon payments.Wealth-X; Country Garden Danga Bay/Facebook; Shayanne Gal/Business Insider Country Garden, a massive Chinese property developer, missed interest payments on two dollar bonds this week. Investors are watching whether Country Garden's chair, Yang Huiyan, will use her own money to support the company. She is set to get $28 million in dividends from a personal stake in the firm's services unit, per Bloomberg. China's real-estate crisis is getting real for its billionaires, with Country Garden's chairperson caught in its crosshairs.Bondholders are watching if Country Garden's chair, Yang Huiyan, will use her vast fortune to pump money into the company which is currently facing a liquidity crisis, according to a Bloomberg report on Friday.The company was founded by her father Yeung Kwok Keung — who is also referred to as Yang Guoqiang — in 1992.On Friday, Yang and her family expect to receive dividends that collectively pay out more than the $22.5 million interest payments on two dollar bonds that Country Garden missed on Monday.

 

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