Country Garden Shares Rise After Offshore Restructuring Supports

Country Garden shares rise as much as 8.1% in Hong Kong after it agreed to the principal terms of a restructuring proposal with holders representing 29.9% in aggregate principal amount of the existing bond debts for a restructuring support agreement.

• The company is also close to finalizing negotiations with certain members of the coordination committee, according to an exchange filing
• Execution of the restructuring support agreement represents a significant milestone in terms of solutions for Country Garden’s offshore debt

To contact Bloomberg News staff for this story:
Alfred Liu in Hong Kong at aliu226@bloomberg.net;
Jing Jin in Shanghai at ...