Summary by Futu AI
On June 24, 2024, Country Garden received a resumption guidance from the Hong Kong Stock Exchange, which requires the disclosure of unreported financial performance, proof of compliance with listing rules, and disclosure of all significant information. If the company does not resume stock trading before October 1, 2025, it may face delisting. Country Garden is actively exploring overseas debt restructuring options with creditors and has appointed financial and legal advisers to assist in a comprehensive restructuring. From January to May 2024, the group's contract sales amounted to approximately RMB 21.65 billion. The company's shares have been suspended from trading since April 2, 2024, and will continue to be suspended until further notice.