Sun 08/13/2023 21:54 PM
Share this article:
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, 2023

Country Garden Suspends Trading in All Onshore Bonds Effective Today, Aug. 14

Relevant Document:

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.
Share this article:
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2023 Reorg Research, Inc. All rights reserved.
Thank you for signing up
for Reorg on the Record!