Country Garden Criticised by Shanghai Exchange Over Late Debt Disclosures
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Country Garden Holdings has been criticized by the Shanghai Stock Exchange for late disclosures of overdue debts from August 2023 to December 2024. The exchange's criticism will be recorded in its integrity database. Despite this, the board supports the chairwoman and CFO, pledging to improve compliance with disclosure obligations. The company asserts there are no other disclosure issues under Hong Kong rules. Analysts currently rate the stock as a Sell with a price target of HK$0.28. Country Garden is a major Chinese property developer focusing on residential projects.
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