Summary by Moomoo AI
COUNTRY GARDEN HOLDINGS LIMITED (“COUNTRY GARDEN”) ANNOUNCED ON 16 JANUARY 2024 THE APPOINTMENT OF PYMAWEI ENTERPRISE CONSULTING (CHINA) LIMITED AS ITS PRINCIPAL FINANCIAL ADVISOR TO ITS OFFSHORE DEBT RESTRUCTURING. The move is to address the company's external debt risks in a comprehensive manner and seek a long-term, sustainable capital structure. With the assistance of financial and legal advisors, Country Garden will establish a platform for communication with all creditors to promote debt management in a fair and equitable manner. THE COMPANY REITERATES ITS DETERMINATION TO ENSURE THE LONG-TERM DEVELOPMENT OF THE GROUP AND TO PRESERVE THE INTERESTS OF ALL STAKEHOLDERS. At the moment, relevant work is underway and we call on creditors to give patience and support. Country Garden will issue further announcements in accordance with relevant laws and regulations as appropriate, reminding investors to consider the risks involved and to act with caution.