Not long ago, Country Garden Group announced a statement, pointing out that due to the complicated business challenges the company is facing at present, the release of the financial report in 2023 will have to be postponed. Prior to this, Country Garden’s stock trading had been suspended for the same reason-failing to disclose its financial situation as scheduled. This situation is quite similar to the previous experience of Evergrande Group. Evergrande suffered from stock suspension due to its failure to publish its financial report in time, and finally had to accept liquidation. At present, it seems that Country Garden may be moving along the old road of Evergrande.

At the same time, some of Country Garden’s domestic debts are on the verge of default. According to the company’s previous announcement, the redemption time of H1 Bidi 01, H1 Bidi 02 and H1 Bidi 04, which were originally planned to be repaid from March to June, has been adjusted and postponed to September. For this deferred repayment scheme, most bondholders have already approved it.

Not all creditors and investors are willing to continue to show tolerance to Country Garden Group and constantly give it new opportunities.

According to our exclusive information, the measures taken by Country Garden in dealing with the recent debt problems have gradually exhausted the patience of all parties. Many creditors are ready to take more drastic action. They tend to take an extreme strategy to push the problem to the level that may lead to the greatest impact. Whether it is to freeze the equity in the domestic market or to push the company into liquidation procedures overseas, they are all possible means. Especially for the option of liquidation, overseas creditors have shown strong demands and firm attitudes, which makes it particularly difficult for Country Garden to solve these problems within the existing processing framework.

Country Garden’s current debt problem has reached a critical point, and recent reports on its debt situation have emerged one after another.

About a month ago, Country Garden suffered a widespread stock freeze, which affected many of its subsidiaries. According to the data disclosed by the daily eye check, Country Garden Real Estate Group Co., Ltd. recently added a number of records of frozen shares, including Shenzhen paladin Phase V Equity Investment Partnership (Limited Partnership), Shenzhen Huixin No.22 Investment Consulting Partnership (Limited Partnership) and Shenzhen Biji Industrial Development Co., Ltd.. The amount of these frozen shares jumped from 39 million yuan to 6.705 billion yuan, and the total amount of frozen shares exceeded the 10 billion yuan mark.

Country Garden’s debt dilemma not only disappointed its creditors, but also gradually shaken the confidence of its buyers. Recently, we have noticed a large number of social media accounts, which focus on reporting about Country Garden and its founder Yang Guoqiang. Although the titles of these articles may be exaggerated or even extreme, they do reflect the public’s growing concern and concern about the situation in Country Garden.

At present, Country Garden seems to have only the lifeline of "guaranteeing the delivery of the building", but in fact, the company’s operating state is close to semi-stagnation. Considering that most of Country Garden’s projects are concentrated in third-and fourth-tier cities, and the real estate market in these cities is currently facing severe challenges, the sales situation is not optimistic. Even if it is predicted that the real estate market will recover next year, this recovery is likely to first appear in high-energy first-and second-tier cities, and the business relationship with Country Garden is not close.

Will Country Garden still have the capital to turn over in the future?

Oh, yes, Country Garden Real Estate should be like this. If it is rotten, it will be rotten. There is also Country Garden service, with a revenue of 40 billion to 50 billion yuan a year. Recently, it is considering spending a lot of cash to increase its holdings. Boss Yang is smarter than Xu Jiayin, and he stripped off the property ahead of schedule. Country Garden service is really boring to make a fortune now, unlike Evergrande Property, which has to be dragged in every time.