深陷债务困境的碧桂园终于迎来了关键性转机，其境外债务重组方案已获大多数债权人支持，为企业走出困境迈出了实质性一步。 11月6日早间，碧桂园公告，其境外债务重组方案在11月5日的债权人会议上顺利通过。在两个债务组别的投票中，均获得出席并投票的债权人中超过75%债权金额 的赞成票。其中，组别一（银团贷款组别）赞成票对应债权金额占组别一出席并投票债权金额的83.71%，组别二（美元债及其他债权）赞成票对应债权金额占组别 二出席并投票债权金额的96.03%，达成裁定通过的必要条件。 这意味着，这家头部民营房企的境外债务重组跨过最关键的一道坎。此次纳入境外重组范围的债务规模合计约177亿美元，折合人民币约1270亿元（以兑换汇率7.2 计）。 接下来，12月4日的法院裁定聆讯，将成为最终重组落地前的最后一环。如若通过，碧桂园这家曾坚守至最后的民营房企，或将轻装上阵，步入重构的新征程。 重组方案获高票通过 碧桂园境外债务重组投票于11月5日在中国香港正式举行，会议分为两个类别分别进行，投票结果呈现出高度一致性。 根据公告披露的详细数据，第一类计划债权人会议有41名债权人参与，投票债权总额达41亿美元。其中，33名债权人持 ...

Core Viewpoint - Country Garden's offshore debt restructuring plan has received approval from the required statutory majority of plan creditors, indicating a significant step towards addressing its financial challenges [1] Group 1 - The restructuring plan was approved by the necessary statutory majority of plan creditors in two categories: Class 1 and Class 2 [1] - A court hearing is scheduled for December 4, 2025, at 10:00 AM Hong Kong time, where the company will seek court approval for the plan [1] - The successful implementation of the proposed restructuring is contingent on multiple factors beyond the company's control, with no guarantee of success or timely execution by the end of 2025 [1]

Core Viewpoint - Country Garden's offshore debt restructuring plan has received the necessary approvals from the required statutory majority of plan creditors [1] Group 1 - The company announced on November 6 that the offshore debt restructuring plan has been approved by the required statutory majority of plan creditors (Category 1) and plan creditors (Category 2) [1] - A court hearing is scheduled for December 4, 2025, at 10:00 AM (Hong Kong time) to seek court approval for the plan [1] - The implementation of the proposed restructuring will depend on several factors beyond the company's control, and there is no guarantee that the proposed restructuring will be successfully implemented or completed by the end of 2025 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損 失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司證券的邀請或要約。本公告並非亦不構成在美國或在根 據其證券法進行登記或取得資格前要約購買或出售任何證券或招攬購買或出售任何證券的要約或銷售任何 證券即屬違法的任何其他司法權區進行該等要約或招攬的任何部份。本公告所述的證券並未亦不會根據 1933年美國證券法登記，在未經登記或獲豁免登記的情況下不得在美國境內發售、出售或以其他方式轉讓。 在美國公開發售的任何證券均將透過售股章程進行，售股章程可從本公司獲得，其中包含有關本公司及管理 層的詳細資料以及財務報表。本公司無意在美國登記本公告所述任何發售的任何部份。 COUNTRY GARDEN HOLDINGS COMPANY LIMITED 碧桂園控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：2007） 境外債務重組的最新資料 計劃會議及同意徵求結果 本公告乃由碧桂園控股有限公司（「本公司」，連同其附屬 ...

Group 1 - The core viewpoint of the articles is that real estate companies are accelerating debt restructuring efforts, with a total debt reduction scale of approximately 1.2 trillion yuan, significantly alleviating short-term repayment pressures [1][3] - The debt restructuring plans are shifting from merely extending repayment periods to directly reducing debt amounts, providing companies with a chance for "rebirth" [3][4] - Major companies like Country Garden, Sunac, and CIFI are actively engaging in overseas debt restructuring, with some already receiving creditor approvals for their plans [2][5] Group 2 - Sunac China announced that 98.5% of participating creditors approved its overseas debt restructuring plan, which involves converting most debts into equity [6][7] - The debt reduction ratios for many companies exceed 50%, with some reaching up to 70%, significantly lowering their actual debt burdens [8] - Companies that have successfully restructured their debts are now resuming investments, indicating a recovery in market confidence and a potential return to land acquisition [9][10] Group 3 - After completing debt restructuring, many companies are focusing on light asset businesses such as property management and asset management, which require less capital investment [10] - The industry is expected to shift from incremental development to stock operation, with significant opportunities in property and asset management sectors [10]

记者丨吴抒颖 编辑丨张伟贤 代表房企之中， 碧桂园、融创和旭辉等也在近期陆续进行境外债重组投票，其中已有房企获 得债权人的批准，债务重组方案获批成行。 房企本轮化债受到市场关注的缘由是，多数债务重组方案的核心已经不是展期，而是直接削 债，通过大幅降低债务规模获得"重生"的机会。此前，房企与债权人双方博弈强烈，债权人议 价空间较大，但随着市场境况未曾发生扭转，债权人对房企债务的清偿率预期也已经降低。 随着房企债务压力减轻，已有部分此前曾遭遇短期流动性压力的房企重新恢复投资。这也表 明，房企在债务谈判中处理得当的前提下，仍能够在当前的市场之中拥有一席之地，而如果市 场筑底回稳，这类房企也有望得到新生。 大规模削债 房企此轮化债，多数是与债权人的二次博弈。在前次化债的基础上，多数房企寻求降低债务本 金偿还的比例，以此减轻负担。 房企化债加速推进。 中指研究院近期发布的数据显示， 截至今年10月底，21家出险房企化债规模约1.2万亿元，有 望极大减轻这些企业短期内公开债务偿还压力。 同时，出险房企通过多种方式削债，改善资 产负债表，也有利于行业风险出清进程。 | 企业 | 债务重组进展 | 化债总额度 | | --- ...

Group 1 - The core viewpoint of the articles is that real estate companies are accelerating their debt restructuring efforts, with a total debt reduction scale of approximately 1.2 trillion yuan, significantly alleviating short-term repayment pressures [1][3][4] - The debt restructuring plans are shifting from merely extending repayment periods to directly reducing debt amounts, providing companies with a chance for "rebirth" [3][4] - Major companies like Country Garden and Sunac have recently made progress in their overseas debt restructuring, with significant support from creditors [5][7] Group 2 - As of October 2023, 21 distressed real estate companies have made substantial progress in debt restructuring, with many achieving over 50% debt reduction in their overseas debt [7][8] - Companies that have successfully managed their debt negotiations are beginning to resume investments, indicating a potential recovery in the market [4][8] - The focus for many companies post-restructuring is shifting towards light asset operations, such as property management and asset management, to enhance their financial stability [9][10]

Core Viewpoint - Country Garden Services (06098) announced a share buyback plan, intending to repurchase 239,000 shares at a total cost of HKD 1.4795 million, scheduled for November 5, 2025 [1] Group 1 - The company plans to execute a share buyback, indicating confidence in its stock value [1] - The total expenditure for the buyback is set at HKD 1.4795 million, reflecting a strategic move to enhance shareholder value [1] - The number of shares targeted for repurchase is 239,000, which may influence market perception and stock liquidity [1]

Core Viewpoint - Country Garden Services (06098.HK) announced a share buyback on November 5, 2025, spending HKD 1.4795 million to repurchase 239,000 shares at a price range of HKD 6.15 to 6.20 per share [1] Summary by Category - **Company Actions** - The company executed a buyback of 239,000 shares at a total cost of HKD 1.4795 million [1] - The repurchase price per share was set between HKD 6.15 and HKD 6.20 [1]

Core Viewpoint - Country Garden Services (碧桂园服务) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1 - The company will spend HKD 1.4795 million to repurchase 239,000 shares [1]