BUZZ-China's Country Garden at over 10-month peak as trade resumes

Reuters

2025/01/21

** Shares of China's Country Garden 2007.HK jumped as much as 30% to HK$0.63, highest since March 4, 2024

** Stock pares gains to trade up 19.6%, still set for biggest one-day pct rise since Nov 2023

** Stock resumed trade on Tuesday after a nine month-plus trading suspension to give embattled property developer time to prepare delayed financial statements for 2023 and 2024

** On Monday, Country Garden's lawyer told a HK court the company expects to reach terms with creditors next month regarding the restructuring of $16.4 bln in offshore debt

** Hang Seng Mainland Properties Index .HSMPI surges 2.3% and Hang Seng Index .HSI rises 1.1%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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11:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-China's Country Garden at over 10-month peak as trade resumes</title></head><body><p>** Shares of China's Country Garden <span>2007.HK</span> jumped as much as 30% to HK$0.63, highest since March 4, 2024</p><p>** Stock pares gains to trade up 19.6%, still set for biggest one-day pct rise since Nov 2023</p><p>** Stock resumed trade on Tuesday after a nine month-plus trading suspension to give embattled property developer time to prepare delayed <span>financial statements</span> for 2023 and 2024</p><p>** On Monday, Country Garden's lawyer told a HK court the company expects to <span>reach terms with creditors</span> next month regarding the restructuring of $16.4 bln in offshore debt</p><p>** Hang Seng Mainland Properties Index <span>.HSMPI</span> surges 2.3% and Hang Seng Index <span>.HSI</span> rises 1.1%</p><p> (Reporting by Donny Kwok)</p><p> 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