Country Garden shares set to rise 3.1% in resumed trade after over 9-month halt

Reuters

01-21

HONG KONG, Jan 21 (Reuters) - Shares of embattled Chinese developer Country Garden were set to open up more than 3% in resumed trade on Tuesday following a more than nine-month trading suspension.

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

The stock was set to open at HK$0.500, compared with the last trading price of HK$0.485 before the suspension.

(Reporting by Clare Jim and Donny Kwok; Editing by Anne Marie Roantree and Christopher Cushing)

((clare.jim@thomsonreuters.com;))

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On Monday, Country Garden's lawyer told a Hong Kong court the company expects to reach terms with creditors next month regarding the restructuring of $16.4 billion in offshore debt.    The stock was set to open at HK$0.500, compared with the last trading price of HK$0.485 before the suspension. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1555":"内房股","BK1521":"挪威政府全球养老基金持仓","BK1610":"ETF&股票定投概念","02007":"碧桂园","BK1507":"粤港澳大湾区","BK1240":"房地产开发","BK1589":"北水核心资产"},"translate_title":"碧桂园股价在停牌9个多月后复牌，预计上涨3.1%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02007":0.9},"content_text":"HONG KONG, Jan 21 (Reuters) - Shares of embattled Chinese developer Country Garden    were set to open up more than 3% in resumed trade on Tuesday following a more than nine-month trading suspension.    On Monday, Country Garden's lawyer told a Hong Kong court the company expects to reach terms with creditors next month regarding the restructuring of $16.4 billion in offshore debt.    The stock was set to open at HK$0.500, compared with the last trading price of HK$0.485 before the suspension. (Reporting by Clare Jim and Donny Kwok; Editing by Anne Marie Roantree and Christopher Cushing)((clare.jim@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}