HK Stock Market Move | COUNTRY GARDEN(02007) rose nearly 4% as the overseas debt restructuring plan was officially approved. The company's operations have truly entered a new stage.

COUNTRY GARDEN (02007) rose nearly 4%, as of the time of writing, it rose 3.92% to 0.53 Hong Kong dollars, with a turnover of 222.86 million Hong Kong dollars. On the news front, on December 4, COUNTRY GARDEN's overseas debt restructuring plan, with a scale of about 17.7 billion US dollars, was formally approved by the Hong Kong High Court. At the same time, the company's domestic debt restructuring has also achieved significant results. On the same day, COUNTRY GARDEN disclosed that the restructuring plan of the company's last domestic bond has been approved by the bondholders' meeting. This means that COUNTRY GARDEN has successfully restructured a total of 9 domestic debts with a combined scale of about 13.77 billion yuan. Liu Shui, director of corporate research at the China Index Research Institute, said that COUNTRY GARDEN's domestic and overseas debt restructuring has basically been completed, the company's operations have truly entered a new stage, and it has strengthened the confidence of homebuyers, upstream and downstream suppliers, and financial institutions in COUNTRY GARDEN, helping to quickly restore normal operations.