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Country Garden Holdings ( (HK:2007) ) has issued an update.
Country Garden Holdings has announced an extraordinary general meeting to discuss the issuance of mandatory convertible bonds (MCB) totaling over USD 12.9 billion. This strategic move aims to strengthen the company’s capital structure by converting these bonds into ordinary shares, subject to approval by the Stock Exchange’s Listing Committee. The issuance of these bonds is expected to enhance the company’s financial flexibility and support its ongoing development projects, potentially impacting its market positioning and shareholder value.
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 leading real estate developer based in China, primarily engaged in property development, construction, and property management services. The company focuses on developing residential communities and commercial properties, catering to the growing urbanization and housing demands in China.
YTD Price Performance: 11.34%
Average Trading Volume: 248,349,233
Technical Sentiment Signal: Hold
Current Market Cap: HK$14.97B
See more insights into 2007 stock on TipRanks’ Stock Analysis page.