HK Stock Market Move | COUNTRY GARDEN (02007) resumes trading with a more than 3% increase, the company says it has implemented multiple plans and measures to alleviate liquidity pressure.

COUNTRY GARDEN (02007) was suspended at the end of March 24th for trading, and after resuming trading today, it opened more than 3% higher. As of the time of writing, it has risen by 3.09% to 0.5 Hong Kong dollars, with a trading volume of 114.215 million Hong Kong dollars. On the news front, COUNTRY GARDEN announced that it has met the requirements under the resumption guidance. Trading will resume at 9:00 am on January 21st. The company has formulated multiple plans and measures to alleviate liquidity pressures and improve its financial situation, including actively adopting various debt management measures and considering the repayment amount for the year in its cash flow forecast until the end of December to address temporary liquidity pressures. It is worth noting that on January 9th, COUNTRY GARDEN had a major announcement regarding debt restructuring. COUNTRY GARDEN disclosed the key terms of the proposal for the overseas debt restructuring, stating that it has reached a consensus with a coordinating committee composed of seven well-known banks including BOC HONG KONG and Industrial and Commercial Bank of China (Asia), with the committee's support for the continued efforts of the company to implement the restructuring and willingness to cooperate to ensure the continued operation of the group with minimal disruption.