Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<CN Home>COUNTRY GARDEN Cumulatively Delivers 1.8M+ Homes in Recent Yrs; Chairman Stresses Shift to Refined Operations
Recommend 10 Positive 19 Negative 3 |
||||
|
||||
|
COUNTRY GARDEN (02007.HK) disclosed during its monthly management meeting that the group's "guaranteed delivery of homes" initiative is in its final sprint. Country Garden delivered nearly 700,000 homes in 2022, over 600,000 in 2023, 380,000 in 2024, and will deliver more than 130,000 by October 2025, with the combined deliveries surpassing 1.8 million homes. Chairman Yang Huiyan mentioned that the market has fully become a buyer's market, necessitating a complete change in business mindset, and a shift from large-scale and fast-turnover incremental development to refined operations. She also emphasized the need for further synergy between real estate and property management. Country Garden's overseas debt restructuring plan was approved with high votes last week reportedly, involving approximately USD17.7 billion in debt. Yang stated that the approval of the restructuring is a recognition by creditors of the company's future, providing more room for the company to resume normal operations. The next step is to systematically advance the transition, which is a transformation and a "second entrepreneurship" for Country Garden. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
