碧桂园清盘呈请聆讯再延期

Group 1 - The core point of the article is that Country Garden's liquidation hearing has been postponed to May 26, 2025, with creditor support, allowing the company more time to complete its offshore debt restructuring [1] - The Hong Kong High Court approved the postponement request on January 20, 2025, despite the lawyers' request for only a four-week delay [1] - The restructuring proposal aims to significantly deleverage the company, targeting a debt reduction of up to $11.6 billion, extending maturity to a maximum of 11.5 years, and reducing financing costs from approximately 6% to about 2% annually [1] Group 2 - Country Garden is currently in a transitional phase focused on ensuring property delivery and repairing its balance sheet, with no clear timeline for restoring profitability [2] - The company reported a total revenue of approximately 102.1 billion yuan for the first half of 2024, a year-on-year decrease of about 54.9%, and a pre-tax loss of approximately 10.8 billion yuan [2] - As of June 30, 2024, the company's net assets remained positive at 74.1 billion yuan, which is better than market expectations [2] Group 3 - During the first monthly management meeting of 2025, the chairman emphasized the importance of ensuring property delivery and repairing the balance sheet as the core focus for the year [3] - The chairman encouraged all employees to fully commit to ensuring the smooth progress of various tasks to lay a solid foundation for the company's long-term development [3]