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An announcement from Country Garden Holdings ( (HK:2007) ) is now available.
Country Garden Holdings has announced a proposed restructuring plan aimed at reducing its offshore indebtedness by over USD 11 billion. This restructuring involves several transactions, including the issuance of mandatory convertible bonds, new shares, and the adoption of a management incentive plan. The company has secured sufficient support from its creditors to approve the scheme, which is expected to provide a more sustainable capital structure, allowing Country Garden to focus on delivering housing units and maximizing value for stakeholders.
The most recent analyst rating on (HK:2007) stock is a Sell 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 real estate company incorporated in the Cayman Islands. It primarily focuses on property development and management, offering residential and commercial real estate solutions. The company is listed on the Hong Kong Stock Exchange and is known for its significant presence in the Chinese real estate market.
Average Trading Volume: 246,431,103
Technical Sentiment Signal: Hold
Current Market Cap: HK$14.97B
Learn more about 2007 stock on TipRanks’ Stock Analysis page.