Zhi Tong Cai Jing·2025-11-06 02:45Group 1 - The core point of the news is that Country Garden has successfully obtained the necessary approvals for its offshore debt restructuring plan from the required majority of creditors, marking a significant milestone in its financial recovery process [1][2] - The total debt involved in the offshore restructuring amounts to approximately $17.7 billion, equivalent to about 127 billion yuan, with a projected debt reduction of around $11.7 billion post-restructuring [1] - Following the completion of the restructuring, Country Garden expects to recognize a maximum restructuring gain of approximately 70 billion yuan, which will significantly enhance its net assets [1] Group 2 - The company's major shareholder has committed to converting the remaining balance of $1.148 billion in shareholder loans into equity, demonstrating strong support and confidence in the company's recovery efforts [2] - Country Garden has prioritized the delivery of homes, having delivered nearly 700,000 units in 2022 and over 600,000 units in 2023, with plans for further deliveries in the coming years [2] - Analysts view the successful offshore debt restructuring as a milestone for the industry, accelerating the risk clearance process for leading real estate companies and contributing to the stabilization and recovery of the real estate sector under policy support [2] Group 3 - Looking ahead to the 14th Five-Year Plan, the real estate industry is increasingly focused on high-quality development, with Country Garden's integrated strategy expected to create significant opportunities for collaborative growth [3] - The company aims to leverage its full industry chain capabilities, focusing on real estate development while expanding into technology construction and management services, which could inject new momentum into its performance growth [3]