On the evening of December 13, Country Garden Real Estate issued an announcement on the results of the resale of "22 Bidi 02" bondholders. According to the announcement, the principal and interest of some bonds resold by "22 Bidi 02" have been paid in full, and the effective resale amount during the resale registration period is 800 million yuan.
According to the announcement, according to the "Prospectus for the Public Issuance of Corporate Bonds (Phase II) to Professional Investors in 2022 by Country Garden Real Estate Group", Country Garden Real Estate Group will issue a prospectus on November 17, 2023, November 20, 2023, On November 21, 2023, the "Country Garden Real Estate Group's First Indicative Announcement on the Implementation Measures for the Non-Adjustment of the Coupon Rate of "22 Bidi 02" and the Investor's Resale" was issued, the "Second Indicative Announcement of Country Garden Real Estate Group on the Implementation Measures for the Non-Adjustment of the Coupon Rate of "22 Bidi 02" and the Implementation Measures for the Resale of Investors by Country Garden Real Estate Group*** on the "22 Bidi 02" Coupon Rate Non-Adjustment and Investor Resale Implementation Measures The Third Indicative Announcement of Country Garden Real Estate Group on the Implementation Measures for the Non-Adjustment of the Coupon Rate of "22 Bidi 02" and the Investor's Resale. Holders of "22 Bidi 02" bonds have the right to choose to register during the investor resale registration period (from November 22, 2023 to November 28, 2023) to sell back all or part of the bonds held by them to the issuer at face value, and the resale** is 100 yuan (excluding interest).
According to the data provided by the Shenzhen Branch of China ** Depository and Clearing Co., Ltd.,The number of effective resale declarations for "22 Bidi 02" during the resale registration period is 8 million, and the resale amount is 800 million yuan (excluding interest).The number of resold tickets is 0, and the amount of resold is 0 yuanAfter the revocation of the resale, the remaining number of unsold bonds is 0.
Country Garden Real Estate said it decided not to resell the resold bonds. The principal and interest of part of the bonds resold by "22 Bidi 02" have been paid in full to the designated bank account of Shenzhen Branch of China ** Depository and Clearing Co., Ltd., and "22 Bidi 02" will be delisted from the Shenzhen ** Exchange on December 14, 2023.
According to the Financial Associated Press, the reporter learned from people close to the capital marketCountry Garden's new funds for the redemption of the principal and interest of "22 Bidi 02" are derived from the equity of its **Zhuhai Wanda Commercial Management"The bond is a CDS bond, which should have been collateralized by the equity of Zhuhai Wanda Commercial Management at that time, and now it is just **, which can be used to pay the bond. ”
On December 8, Country Garden held an internal monthly management meeting. The company revealed that the Yang Huiyan family, as the controlling shareholder, has fully provided financial support for the company, and has supported a total of about HK $41 billion through borrowing, increasing holdings, purchasing bonds, and paying dividends on behalf of shares
On the evening of December 12, Country Garden announced that in combination with the actual business needs of the industry and the company, the company's executive directors Yang Huiyan, Mo Bin, Yang Ziying and non-executive director Chen Chong took the initiative to request a reduction in salary, and signed a supplementary agreement and supplementary appointment letter with the company on November 1, adjusting the latest annual salary as a director to 120,000 yuan, that is, a monthly salary of 10,000 yuan.
*: Reading and Entrepreneurship Finance.
Review: Sun Shijian.