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Editor of Every Economic Report: Huang Sheng

On July 31, Country Garden Holdings Co., Ltd. issued a statement on its official Weibo account, saying, Recently, the company noticed a video about our senior executives circulating online that fabricated rumors. The relevant network entities maliciously fabricated and spread false content in order to obtain traffic. The company has reported the case to the public security authorities.The company will take all necessary measures to fully safeguard the legitimate rights and interests of the company and its employees.”

In addition, it is worth noting that on July 29,Country Garden(HK2007) announced thatThe hearing of the company's winding-up petition has been postponed to January 28, 2025.The decision was made by the Hong Kong court because more time was needed to hear the case. On June 6, Country Garden announced on the Hong Kong Stock Exchange that the Hong Kong High Court had issued an order to further postpone the hearing of the winding-up petition to July 29, 2024. According to the announcement, Country Garden Holdings Co., Ltd. announced the "Announcement on the Winding-up Petition by Country Garden Holdings Co., Ltd." on February 28, 2024, and issued the "Further Announcement on the Winding-up Petition" on March 4, 2024.

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