Country Garden: Hiring an independent third party for hypothetical liquidation analysis is not directly related to the substantive liquidation of the company
2024-03-27 09:05:00
On March 27th, in response to market news that Country Garden has hired KROLL for liquidation analysis, Country Garden (02007. HK) responded to reporters that hiring an independent third party for hypothetical liquidation analysis is not directly related to the actual liquidation of the company. This analysis is one of the necessary materials submitted to the court during the restructuring process and is very common in industry debt restructuring cases in recent years. This information aims to demonstrate to creditors and the court that restructuring will be more beneficial for all stakeholders. It aims to simulate the debt return rate of the company in a liquidation scenario through professional and credible institutions, helping them to make better rational judgments when examining the company's restructuring plan in the future. It is also one of the important tasks for the company to follow the principles of fair and just marketization and promote the restructuring plan.
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