Country Garden's debt overhaul schemes get creditor approval

Country Garden Holdings Company Limited announced that its offshore debt restructuring schemes received approval from the requisite statutory majorities of Scheme Creditors at meetings held on November 5, 2025.

In Scheme Meeting (Class 1), 33 out of 41 participating Scheme Creditors, representing approximately 83.71% of the total value of $3,432,639,045, voted in favor. For Scheme Meeting (Class 2), 2,364 out of 2,382 participating Scheme Creditors, representing approximately 96.03% of the total value of $10,781,327,145, also voted in favor.

Additionally, Extraordinary Resolutions for the Existing HKD Convertible Bonds Consent Solicitation were duly passed, enabling the change of governing law to Hong Kong to facilitate their inclusion in the Scheme. The Consent Solicitation Meetings for these bonds were held on November 5, 2025, with quorum and requisite majority votes satisfied.

The company will now seek sanction for the Scheme from the Court at a hearing scheduled for 10:00 a.m. Hong Kong time on December 4, 2025. Scheme Creditors must complete and submit required forms by December 1, 2025, to receive their entitlements. The implementation of the Proposed Restructuring remains subject to various external factors.