** 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))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.