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The Chinese property industry is “volatile,” which makes it harder for the company to operate, Country Garden said in the filing. Sales have plunged for the developer since last year.
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.
Country Garden said Thursday that it would sell a stake in China's largest operator of shopping malls worth about $428 million. In a stock filing, the developer said the proceeds would help with ...
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The announcement, along with China’s latest measures to support the sector, gave a brief lift to Country Garden’s shares in Hong Kong. But the stock is still down 67% this year, and the ...
Country Garden (Chinese: 碧桂园; pinyin: Bìguìyuán; Jyutping: bik1 gwai3 jyun4) is a property development company based in Guangdong, China, owned by Yang Guoqiang's family. It ranked 206th in Fortune Global 500 list of 2023. [ 1 ]
Move over Evergrande. There is a new poster child of China’s protracted real estate crisis — Country Garden. An industry group that makes determinations on credit events ruled Thursday that ...
C C Land Holdings Limited (SEHK: 1224) is a manufacturer of packaging products and travel bags.The company is also involved in property development, mainly in Chongqing, China.