Country Garden Holdings Company Limited Price & Performance (CTRYF)

Country Garden is set to sell an 11% stake in LandSpace Technology for $179 million as part of a broader restructuring agreement with key bondholders. The property giant aims to reduce $14.1 billion in debt by 78%, with a crucial Hong Kong court hearing scheduled for May 26. The company reported a $4.5 billion loss for 2024.12

Country Garden Holdings’ stock remains highly volatile, with a current price of HK$0.43 and a five-year decline exceeding 95%. Despite recent restructuring efforts, the company’s heavy debt load and substantial losses continue to weigh on investor sentiment, resulting in significant price swings compared to the broader Hong Kong real estate market.34

The grace period for coupon payments on two Country Garden onshore bonds ends today. If payments are missed, China Bond Insurance Co is expected to cover the shortfall as guarantor. This comes as the developer continues to seek creditor support for bond extensions and debt restructuring amid ongoing financial pressures.15