Country Garden shares surge on resumption after debt-restructuring pledge By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2025
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Source: Investing.com
Country Garden's Stock Resumption: Shares of Chinese property developer Country Garden surged by up to 30% after resuming trading in Hong Kong following a nine-month suspension, as the company aims to finalize a debt-restructuring deal with creditors.
Financial Challenges and Market Impact: Despite reporting significant losses, including a net loss of approximately $1.75 billion for the first half of 2024, the positive market reaction also uplifted other Chinese property stocks, contributing to a broader increase in the Hang Seng Mainland Properties Index.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
