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In January 2023 the stock price had been HK$3.24 (equivalent to 41 U.S. cents). As the end of July 2023 approached, the company's share value had ebbed significantly, bottoming out at HK$1.58. [39] On August 7, 2023, Country Garden had two bond coupons denominated in U.S. dollars (approximately $22.5 million) that had expired and had not yet ...
Country Garden is now the Hong Kong equivalent of a penny stock, trading below one Hong Kong dollar ($0.13) for over a week. Shares have lost over 70% of their value since the beginning of the year.
One of the largest Chinese real estate companies, Country Garden defaulted on $11 billion in offshore bonds in 2023 and said earlier this month that its debt restructuring proposal would reduce ...
Move over Evergrande. There is a new poster child of China’s protracted real estate crisis — Country Garden.
The president, chairman, and two other executives of the debt-laden Country Garden are getting a pay cut to narrow the company’s costs, the company said in a stock filing on Tuesday. All four ...
Country Garden said in a regulatory filing to the Hong Kong Stock Exchange it would "resolutely" oppose the petition, which was filed by a creditor, Ever Credit Limited, a unit of Hong Kong-listed ...
This is a list of companies on the Shenzhen Stock Exchange up to 2011, along with their capital, industry, and listing date. Many of these are subsidiaries of state-owned enterprises. Many of these are subsidiaries of state-owned enterprises.
One of China’s biggest property developers says it has burned through up to $7.6 billion in the first half of the year, compounding the crisis coursing through the country’s embattled real ...