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SYDNEY/LONDON (Reuters) – A major group of Country Garden offshore bondholders has appointed PJT Partners (NYSE:PJT) as financial advisors to lead discussions with the troubled Chinese property developer, according to two sources with knowledge of the matter.
Bondholders have been seeking urgent talks with the company since it missed a $15 million coupon repayment on Wednesday, putting it at risk of default. A spokesperson for PJT declined to comment.
Country Garden did not immediately respond to a request to comment made outside of business hours.
(Reporting Scott Murdoch in Sydney and Anousha Sakoui in London, editing by Karin Strohecker)
