Shares of Country Garden Holdings Co Ltd were set to open up 5.6% on Monday after the embattled Chinese developer won approval from its creditors to extend payments for an onshore private bond.

The stock was set to open at HK$0.94. That compared to a 1.1% rise in the benchmark Hang Seng Index and a 3.6% jump in Hang Seng Mainland Properties Index.

(Reporting by Donny Kwok; Editing by Kim Coghill)