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Country Garden Services Holdings Company Limited (CTRGF)

0.6804

0.0000

(0.00%)

At close: January 15 at 3:00:00 PM EST

Country Garden's property services arm expects annual earnings to fall

The unit, Country Garden Services , said the impairment was primarily because the expansion of its sanitation business had not been carried out as was scheduled and expected in the past years, leading to a drop in both sales and profit. The long payment period of some customers of the sanitation business had also resulted in some "unsatisfactory" cash flows, Country Garden Services said in an exchange filing.

Reuters 7 days ago

CTRGF
0.00%
Country Garden Services to sell stake in Zhuhai Wanda for $446 million

The sale allows the company to streamline its investments, recover capital, and refocus on its core business operations as part of its planned exit strategy, it said. Once a top developer by sales, Country Garden is undergoing an offshore debt restructuring after defaulting on its $11 billion offshore bonds last year.

Reuters 3 months ago

CGSHY

Performance Overview

Return	CTRGF	HANG SENG INDEX
YTD	0.00%	+0.54%
1-Year	+41.65%	+31.62%
3-Year	-73.17%	-19.25%