HK Stock Market Move | COUNTRY GARDEN (02007) rises by over 9% again, with the stock price increasing by 30% in two days. Yang Huiyan stated that they are preparing to enter normal operating status for next year.
28/02/2025
GMT Eight
Country Garden (02007) surged over 9% again, with the stock price up more than 30% over the past two trading days. As of the time of writing, it was up 9.68% to 0.51 Hong Kong dollars, with a trading volume of 1.41 billion Hong Kong dollars.
On the news front, according to an official disclosure from Country Garden, on February 24, the company held its annual work conference, with Chairperson Yang Huiyan outlining the key focus of the company's work for the year 2025: to focus on delivering completed houses in the first half of the year, starting with ensuring smooth post-holiday resumption of work; in the second half of the year, the focus will be on delivering completed houses and maintaining the overall business, preparing for entry into normal operation in 2026. Country Garden's President Mo Bin pointed out that the company's stock had resumed trading on January 21, and the proposal for restructuring overseas debt had already announced key terms. An agreement had been reached with a coordinating committee comprised of seven well-known banks, and the debt restructuring work is currently progressing in an orderly manner.
Liushui, Director of Enterprise Research at China Index Research Institute, analyzed earlier that Country Garden's restructuring of overseas debt was an important step, and if the proposal could be implemented, it would significantly reduce the company's leverage. In addition, Country Garden had previously announced that it had achieved a total contract sales amount of approximately 2.26 billion yuan in January alone.