Country Garden Extends RSA Fee Deadlines Amid Strong Creditor Support

Country Garden Holdings Co ( (HK:2007) ) just unveiled an announcement.

Country Garden Holdings Co. has announced an extension of the deadlines for its Early-Bird and General RSA Fees, as part of its efforts to address significant offshore indebtedness. Over 70% of the holders of the company’s existing public notes have already acceded to the RSA, indicating strong support for the proposed restructuring. The extension allows more time for other creditors to complete internal procedures and accede to the RSA, potentially stabilizing the company’s financial position and impacting its stakeholders positively.

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 Co. is a major player in the real estate industry, primarily engaged in property development and management. The company focuses on residential and commercial properties, with a significant market presence in China and other regions.

Average Trading Volume: 84,401,426

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$10.81B

See more data about 2007 stock on TipRanks’ Stock Analysis page.