Country Garden shareholders back crucial financial restructuring

Country Garden Holdings Company Limited announced the poll results of its extraordinary general meeting (EGM) held on December 3, 2025, where all proposed resolutions were duly passed as ordinary resolutions. Key approvals included the issuance of mandatory convertible bonds (MCB) totaling $7,514,770,000 for MCB (A), $5,442,583,547 for MCB (B), and $39,461,396 for MCB (C), with "for" votes ranging from 99.77% to 99.84%.

Shareholders also approved the issuance of up to 1,157,000,000 SCA Warrants (99.86% for), and the issuance of new shares for work fees, totaling 914,221,768 shares (99.34% for), and for accrued interest to TFB, totaling 16,849,842 shares (99.50% for). The share capitalisation agreement to issue up to 15,519,049,697 capitalisation shares received 99.20% "for" votes.

Further resolutions passed included the approval of a management incentive plan (99.85% for) and a share purchase agreement (99.38% for). The company confirmed that all directors attended the EGM, and Tricor Investor Services Limited acted as scrutineer for the vote count.