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Country Garden Holdings Co ( (HK:2007) ) has issued an update.
Country Garden Holdings Company Limited has announced significant progress in its offshore debt restructuring efforts. The company has reached an agreement on the principal terms of the restructuring proposal with creditors representing a substantial portion of its existing syndicated loans and indebtedness. This milestone reflects strong support from creditors, with over 77% of Class 2 Indebtedness holders acceding to the restructuring support agreement (RSA). The company remains committed to completing the restructuring by the end of 2025, despite acknowledging the challenges ahead, and continues to work closely with stakeholders to achieve this goal.
The most recent analyst rating on (HK:2007) stock is a Sell with a HK$0.40 price target. To see the full list of analyst forecasts on Country Garden Holdings Co stock, see the HK:2007 Stock Forecast page.
More about Country Garden Holdings Co
Country Garden Holdings Company Limited is a prominent player in the real estate industry, primarily engaged in property development and management. The company focuses on residential and commercial properties, catering to a diverse market with a significant presence in China.
YTD Price Performance: -3.09%
Average Trading Volume: 69,432,070
Technical Sentiment Signal: Sell
Current Market Cap: HK$13.03B
For detailed information about 2007 stock, go to TipRanks’ Stock Analysis page.