To The Moon

UPDATE 1-China's Country Garden proposes deal to restructure $10.3 bln offshore debtUpdates with more detail on restructuring proposal in paragraphs 3 and 4, and background paragraph 5 onwards

EXCLUSIVE-Country Garden submits offshore debt restructuring plan to creditors, sources sayDebt revamp proposal presented to offshore creditors last monthProposal projects lower cash flow compared to previous forecastCountry Garden faces next liquidation court hearing on Jan. 20 By Xie Yu and Clare Jim. HONG KONG, Nov 18 - Country Garden 2007.HK submitted the preliminary terms of its offshore debt restructuring proposal to some creditors late last month, said five sources familiar with the matter, as the indebted Chinese property developer tries to avoid liquidation.The restructuring proposal includes a revised cash flow projection, said two of the sources who have direct knowledge and another person familiar with the matter, a standard part of a debt restructuring process to show creditors the firm's ability to meet its obligations.The projection shows the developer expects a weaker cash flow in coming years compared with the estimates it had shared with some offshore creditors e

$Country Garden Holdings Co., Ltd.(CTRYY)$ [Miser] ADR easily break USD$4 [Cool] $COUNTRY GARDEN(02007)$ [Miser] HK trading resumes above HKD$1.3 [Cool]