Country Garden Holdings to Issue $12.9 Billion in Convertible Bonds
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Country Garden Holdings plans to issue $12.9 billion in mandatory convertible bonds to enhance its capital structure and financial flexibility. This move, pending approval by the Stock Exchange’s Listing Committee, aims to support ongoing development projects and potentially impact market positioning and shareholder value. The company is a leading real estate developer in China, focusing on residential and commercial properties. The latest analyst rating for its stock is a Sell with a HK$0.50 price target.
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