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Country Garden Holdings ( (HK:2007) ) just unveiled an update.
Country Garden Holdings has announced the successful passing of Extraordinary Resolutions regarding the restructuring of its offshore debt, specifically the Existing HKD Convertible Bonds. This restructuring involves changing the governing law of these bonds to Hong Kong law, facilitating their inclusion in the company’s broader restructuring scheme. The resolutions were approved at recent Consent Solicitation Meetings, meeting the necessary quorum and majority vote requirements, and will become effective upon satisfying all conditions.
The most recent analyst rating on (HK:2007) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Country Garden Holdings stock, see the HK:2007 Stock Forecast page.
More about Country Garden Holdings
Country Garden Holdings Company Limited is a leading property developer incorporated in the Cayman Islands. The company, along with its subsidiaries, focuses on the development and management of residential and commercial properties, primarily in China.
Average Trading Volume: 239,806,206
Technical Sentiment Signal: Hold
Current Market Cap: HK$15.52B
See more data about 2007 stock on TipRanks’ Stock Analysis page.