July 14 news, Country Garden announced on the Hong Kong Stock Exchange that its wholly-owned subsidiary intends to purchase Country Garden Real Estate bonds of no more than 1 billion yuan.
The announcement shows that Foshan Shunde District Zhouhua Investment, a wholly-owned subsidiary, intends to purchase the corporate bonds issued by its subsidiary Country Garden Real Estate Group Co., Ltd. in the domestic secondary market in a market-oriented manner in accordance with the trading rules of the trading venue. The size of the first tranche No more than RMB 1 billion.
Against the backdrop of the current real estate pressure, Country Garden, the “biggest real estate company”, presents a “stable” image to investors. Since 2022, it has actively repurchased bonds many times. On May 5, Country Garden Real Estate disclosed the latest progress in the purchase of corporate bonds by company executives. Directors, supervisors and senior executives purchased a total of 40.1602 million yuan in corporate bonds.
html In June, Moody's announced that it would adjust Country Garden's entity rating to Ba1, with a negative rating outlook, and decided to keep the company's debt rating consistent with the entity rating.
data shows that Country Garden's sales in the first half of the year still lead the industry. In the first half of 2022, Country Garden ranked first in the industry with equity sales of 184.75 billion yuan. At the same time, it occupied the industry's full-scale sales list with sales of 246.99 billion yuan. Top of the list. (Text | "Financial World" weekly Tianyu)
