UPDATE 1: 9:54 p.m. ET 8/13/2023
: Country Garden Holdings Co. Ltd.’s onshore corporate bonds have all been suspended today, Aug. 14.
The suspended bonds are the company's onshore private bond “16 Bi Yuan 05
,” subsidiary Country Garden Real Estate Group Co. Ltd.’s corporate bonds “19 Bi Di 03
,” “20 Bi Di 03” and “20 Bi Di 04,” on the Shanghai Stock Exchange, its corporate bonds “21 Bi Di 01
,” “21 Bi Di 02,” “21 Bi Di 03,” “21 Bi Di 04,” “22 Bi Di 02” and “22 Bi Di 03” on the Shenzhen Stock Exchange, and subsidiary Guangdong Giant Leap Construction Co. Ltd.’s “16 Teng Yue 02
” on the Shanghai Stock Exchange.
The suspension announcements cited Country Garden’s Aug. 10 profit warning announcement to the Hong Kong exchange, in which the company stated
the difficult situation facing the real estate industry.
The company said it will conduct full communication with bondholders and conscientiously perform information disclosure obligations in strict accordance with the requirements of relevant laws and regulations.
Country Garden also said that it will continue implementing various operating strategies and risk mitigation measures to maintain sustainable and healthy development of the company and safeguard the legitimate rights and interests of investors.
Original Story 8:25 p.m. UTC on Aug. 13, 2023Country Garden Suspends Trading in All Onshore Bonds Effective Today, Aug. 14Relevant Document:Announcement
Country Garden Holdings Company Ltd. announced to the Hong Kong stock exchange on Aug. 13 that it has applied to the Shanghai Stock Exchange and Shenzhen Stock Exchange to suspend trading in all onshore corporate bonds, with effect from today, Aug. 14.