Country Garden Posts Record Loss, Warns Default Possible

The video discusses Country Garden's financial struggles, highlighting a significant net loss compared to the previous year's profit. Despite increased revenue, the company faces challenges due to sales drop-offs and impairment charges. Country Garden acknowledges its slow response to macroeconomic challenges and its reliance on lower-tier cities. The company is at risk of default, with looming debt deadlines and ongoing negotiations with bondholders. A proposal to delay payments is under consideration, with bondholders voting on the matter.

What was the financial result for Country Garden in the first half of the year compared to the previous year?

• A net profit of $7 billion

• A net loss of $7 billion

• A net loss of $85 million

• A net profit of $85 million

What did Country Garden acknowledge about its response to the macroeconomic environment?

• They ignored the challenges

• They overestimated the challenges

• They were too slow to recognize challenges

• They were quick to adapt

What is a significant risk that Country Garden is currently facing?

• A decrease in market share

• A rise in property sales

• A default on its debts

• An increase in revenue

What is Country Garden requesting from its bondholders regarding the yuan-denominated bond?

• A 40-day grace period and extension to 2026

• Conversion to equity

• Immediate full repayment

• A reduction in interest rates

By when do bondholders need to vote on Country Garden's proposal?

• Monday at 10:00 PM

• Thursday at 10:00 PM

• Friday at 10:00 PM

• Wednesday at 10:00 PM