Country Garden Holdings

Business Digest, December 10, 2012

Country Garden hit its full-year contracted sales target of 43 billion yuan.

Toyota Motor, the world's largest carmaker, was set to delay the launch of a new line at its factory in Tianjin because a decline in its Chinese sales was likely to continue, Japan's Asahi newspaper reported. 

Monday, 10 December, 2012, 3:32am

Chinese developers chase rich property buyers in America

Xinyuan Real Estate has invested in Brooklyn. Photo: Bloomberg

Chinese developers are starting to venture overseas, chasing wealthy locals who are buying apartments from New York to Sydney, as the government restrains the property market at home.

7 Dec 2012 - 4:52am

Country Garden interim profits jump by 62pc

Hong Kong-listed Country Garden Holdings, which reported a more than 62 per cent jump in interim profits yesterday, said it would speed up buying of land since government moves to cool the property market would create more acquisition opportunities.

17 Aug 2011 - 12:00am

Country Garden dodges downturn but can it last?

Last Wednesday, the day after Country Garden Holdings reported a 172 per cent jump in last year's net profit to 4.14 billion yuan (HK$4.52 billion), word was out that another property developer in the Pearl River Delta area might shelve its Hong Kong listing.

25 Mar 2008 - 12:00am

Country Garden surges on bond vow

Shares in Country Garden Holdings surged 11.48 per cent yesterday after the company promised to buy back 50 per cent of its US$500 million convertible bond issue.

The mainland developer's shares climbed 77 HK cents to HK$7.48 after its debut sale of convertible bonds, due 2013 and which carry a coupon rate of 2.5 per cent. The conversion price is fixed at HK$9.05.

19 Feb 2008 - 12:00am

Lai See

Downturn cuts paper wealth for mainland tycoons

Five months after Hurun issued its 2007 mainland rich list, many of the country's top businessmen/businesswomen named suffered huge paper losses in their net worth.

19 Feb 2008 - 12:00am

Country Garden shifts to convertible bonds

Country Garden Holdings, the mainland's largest developer in terms of land bank, yesterday surprised the market with news of a planned convertible bond of up to US$500 million, instead of a planned high-yield bond sale.

16 Feb 2008 - 12:00am

Country Garden falls on news of suspect land deal

Shares of Country Garden Holdings, the mainland's biggest developer in terms of land bank size, fell yesterday on a report the company had colluded with a local government to buy a large plot of land in Anhui province at a low price - the third scandal in two months.

25 Dec 2007 - 12:00am

Land scandal threatens to engulf Country Garden

A political firestorm threatens to erupt over the 'Excellent Contributor' to China's real estate industry, Yeung Kwok-keung, and may have summarily halted a multibillion-dollar bond float planned by Mr Yeung's Hong Kong-listed property development company, Country Garden Holdings.

26 Nov 2007 - 12:00am

Country Garden dives on latest land scandal

Shares in Country Garden Holdings slumped 3.84 per cent yesterday on news that the company was colluding with a local government to gain a site at a steep discount, its second scandal in two weeks.

The stock fell 42 HK cents to close at HK$10.52 after state media said the company bought a plot in Zhangjiajie, Hunan province, at almost 'zero cost'.

20 Nov 2007 - 12:00am

Country Garden beats full-year sales target

Guangdong-based property developer Country Garden Holdings has already surpassed its full-year contract sales target of 8.29 billion yuan in the first six months this year due to strong market demand, according to company's management yesterday.

28 Aug 2007 - 12:00am

Country Garden stock sees smaller bloom

Shares of Country Garden Holdings, a property developer in Guangdong, rose a less than expected 35.13 per cent on their trading debut yesterday due to the stock market swoon on Thursday and concerns over the mainland's red-hot economy.

The stock, which was touted to surge 40 per cent on its first day of trading, rose as much as 36.62 per cent before settling at HK$7.27.

21 Apr 2007 - 12:00am

Country Garden sets top price

IPO rakes in second-biggest retail subscription of HK$310b

Guangdong-based property developer Country Garden Holdings has priced its Hong Kong initial public offering at the top end of the indicative range to raise HK$12.9 billion, after receiving the second-biggest retail subscription level for a new listing in the city, sources said.

14 Apr 2007 - 12:00am

Country Garden ties up HK$300b

Guangdong-based property developer Country Garden Holdings' HK$12.9 billion initial public offering has become the second most popular in Hong Kong after receiving HK$300 billion worth of orders from retail investors, sources said.

12 Apr 2007 - 12:00am

Country Garden targets provinces in low-cost land purchase strategy

Country Garden Holdings, a mainland developer that hopes to raise as much as HK$12.9 billion in Hong Kong this month, plans to expand its presence to four provinces outside Guangdong to maintain a low-price land acquisition strategy, chairman Yeung Kwok-keung said.

3 Apr 2007 - 12:00am