Country Garden's Hong Kong Shares Rise
The Wall Street Journal|January 22, 2025
Stock finishes day's trade up nearly 18% after nine-month suspension ends
JIAHUI HUANG
Country Garden's Hong Kong Shares Rise

Country Garden Holdings' shares rose as they resumed trading in Hong Kong following a nine-month suspension, after the Chinese property giant pledged to reach a debt-restructuring deal with creditors.

Shares of the company, once one of China's largest developers, jumped as much as 30% early Tuesday.

It finished the day's trading up nearly 18% at 57 Hong Kong cents, still near historical lows.

This story is from the January 22, 2025 edition of The Wall Street Journal.

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This story is from the January 22, 2025 edition of The Wall Street Journal.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.