OTC Markets EXMKT - Delayed Quote USD

Country Garden Holdings Company Limited (CTRYF)

0.1800

0.0000

(0.00%)

At close: January 17 at 3:00:00 PM EST

Home prices in China's biggest cities stabilise under Beijing's stimulus measures

New home prices across mainland China in December registered the smallest month-on-month decline since June 2023, propelled by Beijing's stimulus package. However, it would be some time before the country's significant property sector saw a strong recovery, because developers still had a large inventory to clear, analysts said. Last month, prices of newly built homes in the mainland's 70 major cities edged down 0.08 per cent from November, according to data released by the National Bureau of Sta

South China Morning Post 2 days ago

CTRYF
0.00%
Country Garden Posts Record Loss, Pledges Debt Overhaul Progress

(Bloomberg) -- Country Garden Holdings Co. suffered another record loss in 2023 as the Chinese property giant pledged to clinch a deal with creditors on a debt restructuring plan by June.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesThe embattled real estate firm reported a loss attributable to shareholders of 178.4 billion yuan ($24.3 billion) for the year, compared with a

Bloomberg 4 days ago

CTRYF
0.00%
Country Garden posts losses in overdue FY 2023, H1 2024 results

Country Garden, once China's top property developer by sales, posted on Tuesday a net loss of 12.84 billion yuan ($1.75 billion) for the first half of 2024, as conditions deteriorated amid a prolonged sector-wide slump. The loss followed a full-year net loss of 178.40 billion yuan for 2023, the company said in a separate statement. Country Garden, which defaulted on $11 billion in offshore bonds in late 2023, had delayed the publication of its 2023 full-year and 2024 interim results.

Reuters 5 days ago

CTRYF
0.00%
China's Country Garden expects 2024 loss to narrow from 2023's $24 billion

HONG KONG (Reuters) -Country Garden said it expected to post a narrower annual loss in 2024 as the embattled developer looks to revive its business and stave off a liquidation lawsuit after reporting a record 178.4 billion yuan ($24.33 billion) loss in 2023. The 2023 loss announced in long-overdue accounts late on Tuesday included more than $11 billion of impairments on the value of inventory as an unprecedented property market downturn in China weighed on homebuyer sentiment. Country Garden and a string of other developers including China Evergrande and Sunac China defaulted on debt repayment obligations over the last three years, triggering a destabilising crisis in the economically-crucial property sector and forcing Beijing to announce support measures.

Reuters 5 days ago

CTRYF
0.00%
Country Garden Yet to Get Key Bondholders’ Support for Debt Plan

(Bloomberg) -- A key bondholder group of Country Garden Holdings Co., one of China’s most closely watched developers ensnared in the broader property crisis, isn’t on board with restructuring terms unveiled Thursday, people familiar with the matter said.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violence Deters Drive to Bring Workers Back to Offi

Bloomberg 9 days ago

CTRYF
0.00%
Exclusive-Country Garden submits offshore debt restructuring plan to creditors, sources say

HONG KONG (Reuters) -China's Country Garden submitted the preliminary terms of an offshore debt restructuring proposal to some creditors late last month and lowered its cash flow projection, said sources, as the struggling property developer looks to avoid liquidation. The company revised its cash flow projection in the proposal, said two sources who have direct knowledge of the plan and another person familiar with the matter. The projection shows Country Garden expects a weaker cash flow in coming years compared with the estimates it had shared with some offshore creditors earlier this year, two of the sources said.

Reuters 2 months ago

CTRYF
0.00%
Chinese developer Country Garden drops PwC as its auditor

Beleaguered property developer Country Garden dropped PricewaterhouseCoopers (PwC) as its auditor, in another setback for the firm that has lost more than 50 clients this year due to its link with the collapse of China Evergrande. Country Garden said in a Thursday filing to the Hong Kong stock exchange that it recommended PwC consider resigning as its auditor due to the firm's failure to publish its financial results on time. PwC has agreed to step down; the resignation is effective Tuesday. Cou

South China Morning Post 4 months ago

CTRYY
China property developer Country Garden removes PwC as auditor

Country Garden said in an exchange filing that it had appointed Hong Kong-based Zhonghui Anda CPA as its new auditor, at least until the conclusion of its next annual general meeting. PwC has been in focus over its role in auditing China Evergrande Group which was accused of a $78 billion fraud, triggering a client exodus, cost cuts and layoffs. PwC told Reuters that it was not in a position to comment on client related matters when asked about Country Garden.

Reuters 4 months ago

CTRYY
Country Garden delays 2023 annual results again

The firm had previously delayed the results in March, saying it needed more time to collect information for making appropriate accounting estimates and judgements. "The Group will finalize and publish the 2023 annual results and despatch the 2023 annual report as soon as practicable," the debt-laden property developer said in an exchange filing. In accordance with certain listing rules of the Hong Kong bourse, Country Garden, which defaulted on $11 billion of offshore bonds late last year, had to publish its earnings for the first-half of fiscal 2024 by August end.

Reuters 4 months ago

CTRYY
Country Garden liquidation hearing adjourned to January next year, court says

HONG KONG (Reuters) -A Hong Kong court on Monday adjourned a hearing into a petition seeking liquidation of Country Garden until Jan. 20, 2025, giving a breather to the embattled Chinese developer which is trying to finalise an offshore debt revamp plan. Ever Credit Limited, a unit of Hong Kong-listed Kingboard Holdings, filed the liquidation petition against Country Garden in February for non-payment of a $205 million loan. A lawyer for Country Garden told the court on Monday that the developer expected to publish offshore debt restructuring term sheets to creditors in September, and that it planned to seek approval from the court on that arrangement early next year.

Reuters 5 months ago

CTRYY
China's Country Garden looks to sell stake in chip maker CXMT as winding-up adjourned

Defaulted Chinese developer Country Garden Holdings is looking to dispose of a stake in chip company ChangXin Memory Technologies (CXMT) via its venture capital arm, as it struggles to pare assets and work out its debts amid slumping home sales. The company also received seven weeks of breathing room on a liquidation hearing in a Hong Kong court. Country Garden Venture Capital, an investment unit of Country Garden that was founded in 2019, is planning to dispose of its undisclosed stake in CXMT,

South China Morning Post 7 months ago

CTRYY
Country Garden's Hong Kong liquidation hearing further adjourned to July

Embattled Country Garden said in a filing on Thursday the Hong Kong High Court had further adjourned a hearing of a petition seeking liquidation of the Chinese property developer to July 29. The hearing was originally adjourned to June 11 from May, as Country Garden had requested more time to prepare evidence. If Country Garden is able to present progress on the debt restructuring talks with its offshore creditors, it would help the developer push back against the liquidation petition.

Reuters 7 months ago

CTRYY
Chinese property developer Country Garden's Hong Kong liquidation hearing adjourned

A Hong Kong court adjourned to June 11 a hearing of a petition on Friday seeking liquidation of Country Garden, providing a breather to the embattled Chinese developer amid Beijing's efforts to revive the crisis-hit property sector. A Hong Kong firm filed the petition against Country Garden in February for non-payment of a $205 million loan. The developer defaulted on $11 billion of offshore bonds last year and is in the process of an offshore debt restructuring.

Reuters 7 months ago

CTRYY
Beijing narrowly escapes having to cover the debts of developer Country Garden as it scrounges up a $9 million interest payment

Last week, Country Garden revealed that it had missed an interest payment on onshore bonds guaranteed by a state-owned financial firm.

Fortune 8 months ago

CTRYY
China's Country Garden repays onshore coupons within grace period

Embattled Chinese property developer Country Garden said in a statement on Saturday it had repaid two onshore bond coupons before the expiry of a five-day grace period, following missed payments last week. Country Garden, which defaulted on $11 billion of offshore bonds and extended other onshore bond repayments late last year, said on Thursday it aimed to make the payment and additional interest incurred by Monday. It said state-owned China Bond Insurance Co would do so on its behalf if it missed the deadline.

Reuters 8 months ago

CTRYY
China's Country Garden aims to pay missed coupons by next week

HONG KONG (Reuters) -Embattled Chinese property developer Country Garden said it was unable to pay two onshore coupons due on Thursday, but China Bond Insurance Co would do so on its behalf if it missed paying within a grace period that ends next week. Such a move would be the first time the state-owned company has come to the rescue of an issuer under a Beijing-led programme launched in 2022 to bolster investor confidence, and analysts warned it could make future issuance harder. Country Garden, which defaulted on its $11 billion of offshore bonds and extended other onshore bond repayments late last year, said in a filing it was unable to pay onshore coupons due on Thursday, though it was still trying to raise funds.

Reuters 8 months ago

CTRYY
The Forest City project in Johor, Malaysia has recently garnered significant attention

On April 18, Malaysia's Prime Minister Anwar Ibrahim and entourage visited Forest City. The Malaysian Minister of Defense Mohamed Khaled bin Haji Nordin, the Malaysian Minister of International Trade and Industry Tengku Zafrul Aziz, the Malaysian Minister of Economy Mohd Rafizi bin Ramli, Johor's Chief Minister Onn Hafiz joined in the visiting.

PR Newswire 8 months ago

CTRYF
0.00%
CTRYY
Exclusive-Country Garden plans to present debt revamp plan in second half, sources say

Country Garden has told some of its offshore creditors it plans to present a debt restructuring proposal in the second half of this year, two sources said, as the embattled developer scrambles to stave off a liquidation petition. China's biggest private developer defaulted on its $11 billion worth of offshore bonds late last year and is facing a liquidation petition in Hong Kong for non-payment of a $205 million loan. China Evergrande Group was ordered to be liquidated in late January by a Hong Kong court after it failed to offer a concrete restructuring plan to creditors more than two years after defaulting on its offshore debt.

Reuters 8 months ago

CTRYY
Country Garden allowed to postpone first payments on three onshore bonds

The largest Chinese private developer, which has defaulted on its $11 billion offshore bonds and is working on an offshore debt restructuring plan, had in September extended the maturities of eight onshore bonds worth 10.8 billion yuan ($1.49 billion) by three years. The first installments and interest of the three yuan bonds in question were originally due in March and June, Country Garden said in a statement to Reuters, without giving details of the total value involved. Two of the payments, under the extension plan finalised last year, were already overdue earlier this month and have entered into a 30-day grace period, according to Chinese media.

Reuters 8 months ago

CTRYY
Vietnam’s ‘blazing furnace’ sees real estate mogul sentenced to death for $12 billion fraud. It’s the biggest eruption yet in Asia’s volcanic housing bust

The fraud is equivalent to 3% of the country's GDP.

Fortune 9 months ago

CTRYY

Performance Overview

Return	CTRYF	HANG SENG INDEX
YTD	0.00%	-2.28%
1-Year	+100.00%	+23.43%
3-Year	-78.79%	-19.68%

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Country Garden Holdings Company Limited (CTRYF)

Home prices in China's biggest cities stabilise under Beijing's stimulus measures

Country Garden Posts Record Loss, Pledges Debt Overhaul Progress

Country Garden posts losses in overdue FY 2023, H1 2024 results

China's Country Garden expects 2024 loss to narrow from 2023's $24 billion

Country Garden Yet to Get Key Bondholders’ Support for Debt Plan

Exclusive-Country Garden submits offshore debt restructuring plan to creditors, sources say

Chinese developer Country Garden drops PwC as its auditor

China property developer Country Garden removes PwC as auditor

Country Garden delays 2023 annual results again

Country Garden liquidation hearing adjourned to January next year, court says

China's Country Garden looks to sell stake in chip maker CXMT as winding-up adjourned

Country Garden's Hong Kong liquidation hearing further adjourned to July

Chinese property developer Country Garden's Hong Kong liquidation hearing adjourned

Beijing narrowly escapes having to cover the debts of developer Country Garden as it scrounges up a $9 million interest payment

China's Country Garden repays onshore coupons within grace period

China's Country Garden aims to pay missed coupons by next week

The Forest City project in Johor, Malaysia has recently garnered significant attention

Exclusive-Country Garden plans to present debt revamp plan in second half, sources say

Country Garden allowed to postpone first payments on three onshore bonds

Vietnam’s ‘blazing furnace’ sees real estate mogul sentenced to death for $12 billion fraud. It’s the biggest eruption yet in Asia’s volcanic housing bust

Performance Overview