Changes in Hong Kong stocks | Country Garden (02007) rose nearly 4%, and the overseas debt restructuring plan was officially approved, and business operations have truly entered a new stage

The Zhitong Finance App learned that Country Garden (02007) rose nearly 4%. As of press release, it had risen by 3.92% to HK$0.53, with a turnover of HK$22.286,000.

According to the news, on December 4, Country Garden's overseas debt restructuring plan of about 17.7 billion US dollars was officially approved by the Hong Kong High Court. At the same time, the company's domestic debt restructuring also achieved significant results. On the same day, Country Garden revealed that the restructuring plan for the company's last domestic bond was reviewed by a bondholders' meeting. This means that Country Garden involved nine domestic debt restructuring plans totaling about RMB 13.77 billion, all of which have been approved. Liu Shui, director of enterprise research at the China Index Research Institute, said that Country Garden's domestic and foreign debt restructuring has basically been implemented, and business operations have actually entered a new stage, enhancing the confidence of buyers, upstream and downstream suppliers and financial institutions in Country Garden and helping to quickly resume normal operations.