Editor
The embattled Chinese homebuilder Country Garden said on Wednesday it planned to raise $34 million by issuing new shares, its latest effort to get a handle on its debt problems and contain a deepening property crisis that is weighing on China’s economy.
In a filing with the Hong Kong Stock Exchange, Country Garden said it planned to issue 350.6 million shares of the company at 77 Hong Kong cents apiece next Wednesday. The proceeds will not…
