Country Garden Holdings Co (HK:2007) has released an update.
Country Garden Holdings Co., a major real estate developer, is working diligently to address the Hong Kong Stock Exchange’s resumption guidance, which mandates the publication of pending financial results, compliance assurance, and the disclosure of all material information to stakeholders. The company has until October 1, 2025, to satisfy these requirements to avoid delisting. Additionally, the company reported RMB 21.65 billion in sales for January-May 2024 and is actively pursuing a holistic debt restructuring plan with creditors to ensure sustainable operations.
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