Xin Lang Cai Jing·2025-11-12 08:44Core Viewpoint - Country Garden Real Estate Group has recently faced a new equity freeze involving over 1.23 billion RMB, indicating ongoing financial challenges and legal issues [1][3]. Equity Freeze Details - The equity freeze pertains to Foshan Yuankang Real Estate Development Co., with a frozen amount of 1,232.45717 million RMB for a duration of three years, enforced by the Wuhu Intermediate People's Court in Anhui Province [1][3]. - Currently, Country Garden has a total of 127 equity freeze records, 62 records of being an executed party with a total amount of approximately 6.266 billion RMB, and historical records exceeding 8.684 billion RMB [7]. Company Background - Country Garden Real Estate was established in April 2015, with a registered capital of approximately 15.32 billion RMB, focusing on real estate development, sales, property leasing, and investment consulting [7]. - The company is co-owned by Foshan Shunde District Zhouhua Investment Consulting Co. and Shenzhen Country Garden Technology Development Co., with Yang Huiyan serving as the chairman [7]. Debt Restructuring Efforts - Recently, Country Garden's offshore debt restructuring plan was approved, aiming to reduce its debt scale by approximately 11.7 billion USD (around 84 billion RMB) and potentially recognize up to 70 billion RMB in restructuring gains [7]. - The company is also restructuring domestic bonds, with 8 bondholder meetings approving restructuring plans totaling approximately 13.41669 billion RMB [8]. Financial Performance - In the first half of the year, Country Garden reported revenues of approximately 72.57 billion RMB and a net loss of about 19.65 billion RMB, with total assets around 909.3 billion RMB, exceeding total liabilities [8]. - The company has delivered over 1.7 million homes in the past three years, with over 70,000 deliveries in the first half of this year, maintaining a leading position in third-party rankings [8].