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COUNTRY GARDEN Once Rockets 11% After Resuming Trading, Announces Plans and Measures to Ease Liquidity Pressure
Recommend 23 Positive 61 Negative 16 |
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After being suspended for nearly ten months, COUNTRY GARDEN (02007.HK) resumed trading this morning (21st). It opened rallying 3.1% to $0.5 and peaked at $0.54 with a surge of 11.3% at one point in the early session. It last traded at $0.51, up 5.15%, on an early trading volume of 176 million shares, involving $89.0039 million. COUNTRY GARDEN released an announcement this morning, stating that it had fulfilled the requirements under the resumption guidance, and the trading in its shares has already resumed from 9:00 am today (21st). The company has formulated various plans and measures to alleviate the liquidity pressure and improve its financial condition, including actively resolving the phased liquidity pressure by adopting various debt management measures and having taken into account the amounts repayable in the year ending December 31, 2025, in its cashflow forecast. AAStocks Financial News |
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