Country Garden announced late at night! Multiple domestic corporate bonds suspended trading in Biti | Corporate bonds | Corporate bonds
On the evening of August 12th, Country Garden announced that it would suspend trading of several domestic corporate bonds under its umbrella from the opening of the market on August 14th, 2023, and the resumption time would be determined separately.
On the evening of August 12th, Country Garden Real Estate Group Co., Ltd. announced that due to the recent plan to hold a bondholder meeting on the arrangement of corporate bond redemption, and in accordance with relevant regulations, after the company's application, the trading of corporate bonds 16 Tengyue 02, 19 Bidi 03, 20 Bidi 03, 20 Bidi 04, 21 Bidi 01, 21 Bidi 02, 21 Bidi 03, 21 Bidi 04, 22 Bidi 02, and 22 Bidi 03 will be suspended from August 14th, 2023, and the resumption time will be determined separately.
The announcement stated that the group will communicate with all shareholders and consider taking various debt management measures to safeguard the legitimate rights and interests of investors. The group will continue to steadily promote various risk resolution measures and business strategies to ensure the long-term development of the group in the future. The holding company has established a special working group led by the chairman of the board of directors, established a working mechanism, coordinated and efficient decision-making, and vigorously promoted efforts to overcome difficulties.
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