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January 22, 2025
4m read

Since the resuming of trading, Country Garden sees share prices rise.

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Since the resuming of trading, Country Garden sees share prices rise.


Country garden () at the hong kong stock exchange (hkex) on monday morning, the company said that it had fulfilled all requirements set up for it to re-list trading after nearly ten months.


The findings of country garden's first day back on the hkex far exceeded market expectations, with the market rising at 0.60 hkd (0.077 usd) per share.


With recent market shifts, both in hong kong and mainland china, vanke was up 7.45%, cccg real estate increased by 5.3 percent, and gemdale corporation saw a 5.1 percent rise in its share prices.


Country garden's stock was suspended in april 2024 pending its financial results from 2023, according to creditor ever creditor limited's delayed liquidation hearing in hong kong.


Country garden announced that its debt reduction deal with 7 banks was signed on 9 january, as well as releasing its 2023 annual report and h1 2024 survey on january 14th.


Country garden and its investors were able to face the liquidation hearing and re-open trading with the chinese government promising to support the ailing real estate market.


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