On August 8, there was a "double killing of shares and debts" in Country Garden. In terms of corporate bonds, Country Garden's domestic bonds plummeted again. As of today's close, "2 1 Bidi 03" dropped by more than 25%, "16 Tengyue 02" dropped by more than 27%, "19 Bidi 03" dropped by more than 27%, and "20 Bidi 03" dropped by more than 25%. "2 1 Bidi 04" fell by more than 16%, and "2 1 Bidi 0 1" fell by more than 15%.
In terms of stocks, the company's share price has fallen for seven consecutive trading days, with a cumulative decline of about 35.06%, and its market value has shrunk by more than 9.6 billion Hong Kong dollars. As of the close of Hong Kong stocks today, Country Garden's share price fell by 14.39% to 1. 13 Hong Kong dollars. At present, the total market value of the company is about 365,438+0.21100 million Hong Kong dollars.
The reason for the above situation is the liquidity problem in Country Garden. It is reported that up to now, Country Garden has not paid the coupons of two US dollar debts due on August 7. Both bonds are listed on the Singapore Stock Exchange, with an issuance scale of US$ 500 million, maturities of 5.5NC3.5 and 10NC5 respectively, and maturity dates of February 6, 2026 and August 6, 2030 respectively.
Another self-proclaimed "Country Garden insider" said that due to the recent deterioration of the sales and refinancing environment and the influence of various fund supervision, the company's book available funds continued to decrease, and there was staged flow pressure. The company attaches great importance to the resolution of debt risks, and is still actively optimizing capital arrangements to protect the legitimate rights and interests of creditors.
It is understood that the above two bills still have a grace period of 30 days to pay interest. In other words, Country Garden needs to complete the coupon payment before September 7th.
Country Garden and its brother company Country Garden services have attracted the attention of the market.
On July 19, Li Changjiang, president of Country Garden Services, and his spouse suddenly reduced their holdings of 3,227,900 shares of the company and cashed in about HK$ 28,247,200. After the reduction, Li Changjiang's shareholding in Country Garden Service is only 0. 1 1%.
On July 30th, Yang, Chairman of the Board of Directors of Country Garden, suddenly announced that he would donate 20% of the service equity of Country Garden to Guoqiang Public Welfare Foundation, and the founding member of Guoqiang Public Welfare Foundation was Yang's sister.
On July 3 1 day, Country Garden released the first half performance forecast. It is estimated that the company's profit will record a net loss in the first half of the year, due to the downward influence of real estate industry sales, resulting in a decline in gross profit margin of real estate business and an increase in property project impairment. And that expect net exchange loss due to foreign exchange fluctuation.
At the same time, Country Garden pointed out in the performance forecast that the company will consider optimizing debt repayment arrangements and actively seek guidance and support from the government and regulatory agencies.