top of page
Search
  • Writer's pictureBy The Financial District
    • Apr 3
    • 1 min read

China’s Country Garden Freezes Shares On HK Bourse

Crisis-hit Chinese property developer Country Garden has suspended trade in its shares on the Hong Kong Stock Exchange after delaying the publication of its annual financial results, Mariko Oi reported for BBC News.


Country Garden said last week that it needed more time to collect information as it restructures its debts. I Photo: Iheywoo KOvhdwit Wikimedia Commons



The firm said last week that it needed more time to collect information as it restructures its debts. It defaulted on its overseas debt last year and faces a winding-up petition. In January, rival real estate giant China Evergrande was ordered to liquidate by a Hong Kong court.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

Country Garden said "due to the continuous volatility of the industry, the operating environment the Group confronting is becoming increasingly complex" when it announced its earnings report would be delayed.


The first hearing for Country Garden's winding-up petition, which was filed by Ever Credit Ltd, is scheduled for May 17.




Optimize asset flow management and real-time inventory visibility with RFID tracking devices and custom cloud solutions.
Sweetmat disinfection mat

bottom of page