China's Country Garden set to exit Australia with residential project sale

China's Country Garden set to exit Australia with residential project sale

FILE PHOTO: Unfinished houses at Wilton Greens, a residential development owned by Country Garden, located 80km (50 miles) southwest of Sydney, Australia October 9, 2023. REUTERS/Byron Kaye/File Photo

Indebted Chinese developer Country Garden has agreed to sell a stake in an Australian residential project, the latest in a series of sales which bring it closer to a complete exit from the country.

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