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Country Garden Holdings Co ( (HK:2007) ) has provided an announcement.
Country Garden Holdings Company Limited has announced significant progress in its efforts to resolve a Disclaimer of Opinion issued by its auditor regarding the company’s financial statements for 2024. The company is actively pursuing a proposed restructuring plan aimed at converting major offshore debts into equity and extending debt tenors, which is expected to alleviate liquidity burdens and create a more sustainable capital structure. The restructuring has gained substantial support from creditors, with agreements reached with key lenders and a majority of debt holders, signaling a positive step towards financial stability.
The most recent analyst rating on (HK:2007) stock is a Hold with a HK$0.50 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 Company Limited is a prominent player in the real estate industry, primarily engaged in property development and management. The company focuses on residential projects and has a significant market presence in China, aiming to provide quality housing solutions.
Average Trading Volume: 237,423,585
Technical Sentiment Signal: Hold
Current Market Cap: HK$16.35B
Find detailed analytics on 2007 stock on TipRanks’ Stock Analysis page.