Country Garden (HKEX: 02007) has announced the issuance of 124 million new shares, arising from the conversion of its zero-coupon mandatory convertible bonds.
According to the company's filing dated August 27, 2026, these shares were issued in connection with the conversion of zero-coupon mandatory convertible bonds that are scheduled to mature 78 months from June 30, 2025. This move reflects the ongoing financial restructuring efforts of the property developer as it continues to manage its debt obligations.
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