Country Garden Secures Wider Creditor Backing in Push to Resolve Audit Disclaimer

Claim 70% Off TipRanks This Holiday SeasonUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potentialThe latest announcement is out from Country Garden Holdings ( (HK:2007) ). Country Garden has provided an update on its efforts to address a disclaimer of opinion issued by its auditor over the going concern basis of its 2024 consolidated financial statements, detailing progress made between April 2025 and the date of the announcement. The group is pursuing a comprehensive offshore debt restructuring plan designed to convert major offshore liabilities into equity, extend maturities or reduce principal through instruments such as mandatory convertible bonds and new debt securities, with the aim of easing its liquidity burden and establishing a more sustainable capital structure. Management reports key milestones, including entering into a restructuring support agreement with an ad hoc group of noteholders representing around 30% of its outstanding U.S. dollar senior notes and Hong Kong dollar convertible notes, and subsequently securing agreement on the principal restructuring terms with a coordinating committee of banks that hold 49% of its existing syndicated loans, signalling growing creditor support that is critical to stabilising the balance sheet and potentially resolving the auditor’s disclaimer. The most recent analyst rating on (HK:2007) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Country Garden Holdings stock, see the HK:2007 Stock Forecast page. More about Country Garden Holdings Country Garden Holdings Company Limited is a large Chinese property developer incorporated in the Cayman Islands and listed in Hong Kong, focusing on residential real estate projects and related property services across mainland China and selected overseas markets. The group has historically relied heavily on offshore U.S. dollar notes, Hong Kong dollar convertible notes and syndicated loan financing, leaving it exposed to the broader liquidity pressures facing China’s real estate sector. Average Trading Volume: 126,323,479 Technical Sentiment Signal: Strong Sell Current Market Cap: HK$11.92B