China’s Country Garden Holdings said Wednesday it received a liquidation petition filed by one of its creditors, deepening worries about the country’s beleaguered property sector.
The troubled property developer said in a regulatory filing it received a “winding-up” petition dated Feb. 27 filed by creditor Ever Credit Limited.
The petition was issued for the non-payment of a loan worth 1.6 billion Hong Kong dollars ($204.4 million).