Country Garden Holdings Company Limited is a real estate investment trust specialising in property sales. The Company operates through five sections: real estate development, building fittings and decorating, real estate investment, property management, and hotel operations. Subsidiaries: Wuhan Country Garden Lianfa Investment Co. Ltd, Jurong Country Garden Property Development Co., Ltd, and Chuzhou Country Garden Property Development Co., Ltd.
EMPLOYEES 93.47k (estimated)
Latest stock price 6.610-0.560 (-7.81%) At close: 04:08PM HKT January 13 2022.
Market cap 153.011B HKD.
Country Garden Holdings total assets for the quarter ending June 30, 2021 were $292.091B, Country Garden Holdings Co Ltd (2007.xhkg) Analysis Country Garden Holdings Co. stocks fell sharply when it was discovered on Wednesday that the real estate company was unsuccessful in generating satisfactory investor interest for a prospective $300 million convertible bond. Bloomberg-compiled prices show that the company's shares tumbled 7.8 percent Thursday, the biggest in four months, while its dollar bond due 2031 fell 2.7 cents on the dollar to 72, on track to set a new low.
Country Garden, whose contracted sales have consistently outperformed all Chinese counterparts over the last five years, has developed into a barometer of contagion risks. With investment-grade ratings from two of the top international risk assessors, the firm has long been considered relatively impervious to the real estate sector's credit crunch.
Country Garden Holdings Co Ltd (2007)
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