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CG Controlling Shareholder Reportedly Plans to Convert Half of Shareholder Loan of US$1.1B into Forest City Equity
The controlling shareholder of COUNTRY GARDEN (02007.HK) intended to convert half of the existing shareholder loans with a total principal amount of US$1.1 billion into COUNTRY GAR...
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CG Controlling Shareholder Reportedly Plans to Convert Half of Shareholder Loan of US$1.1B into Forest City Equity
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The controlling shareholder of COUNTRY GARDEN (02007.HK)  +0.005 (+1.205%)    Short selling $284.92K; Ratio 0.803%   intended to convert half of the existing shareholder loans with a total principal amount of US$1.1 billion into COUNTRY GARDEN's shares and half into 60% of COUNTRY GARDEN's stake in Forest City, according to The Paper.

Located in Johor Bahru, Malaysia, the “Forest City” project is co-developed by COUNTRY GARDEN and Malaysian developer, KPRJ, with COUNTRY GARDEN indirectly holding a 60% stake in Forest City.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-24 12:25.)

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