(Updates with background in paragraphs 6, 9 and 10) Oct 13 (Reuters) – Embattled Chinese property developer Country Garden said on Monday its controlling shareholder had agreed to convert $1.14 billion in loans to equity as part of its offshore debt restructuring. Concrete Win Limited, an entity controlled by Country Garden's controlling shareholder, has committed to buying new shares to settle $1.14 billion in shareholder loans once the restructuring takes effect, the company said in a filing to the Hong Kong stock exchange. The shares will be issued at HK$0.60 each, a marginal premium to Monday's closing price of HK$0.59. Country Garden has scheduled creditor meetings for November 5 to vote on its restructuring plan, with separate votes for holders of the 2023 and 2026 convertible bonds

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