Country Garden rises on bondholders' nod to onshore debt restructuring

Country Garden Holdings

05/12/2025 03:03

** Country Garden Holdings 2007.HK rises 3.9% to HK$0.53; on track for biggest one-day pct gain since September 9

** Stock set to snap two straight sessions of fall

** Chinese property developer says restructuring proposal for one onshore corporate bond issued by co, eight onshore corporate bonds issued by 2 subsidiaries passed by relevant bondholders

** Adds with smooth progress of offshore debt restructuring, co making efforts to restore normal operations

** YTD, stock up 7.2%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))