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Country Garden

For the English folk tune, see Country Gardens.
Country Garden Holdings Company Limited
碧桂园控股有限公司
Native name
碧桂園控股有限公司
Company typePublic[1]
IndustryReal estate, education
Founded1992
FounderYang Guoqiang
Headquarters
Shunde, Guangdong
,
China
Area served
China, Malaysia,[2] Australia[3]
Key people
Chairman: Yang Huiyan (楊惠妍)[4]
Largest shareholder: Yang Huiyan
ProductsLanded & high-rise residential, commercial, leisure and hospitality developments
ServicesProperty and facilities management, hotel management, schools
RevenueDecrease US$ 63,978.9 million (2023)[1]
Decrease US$ -899.7 million (2023)[1]
Total assetsUS$ 252,923.9 million (2023)[1]
Total equityIncrease US$ 29,522.6 million (2023)[1]
Number of employees
Decrease 69,932 (2023)[1]
SubsidiariesCountry Garden Properties (Malaysia) Sdn. Bhd.,[5] Country Garden Danga Bay Sdn. Bhd.[2]
Websitewww.countrygarden.com.cn

Country Garden (Chinese: 碧桂园; pinyin: Bìguìyuán; Jyutping: bik1 gwai3 jyun4) is a property development company based in Guangdong, China, owned by Yang Guoqiang's family. It ranked 206th in Fortune Global 500 list of 2023.[1] Country Garden features a market capitalization of over US$29.84 billion as of 2018;[6] with 187 high-end township developments throughout China, Malaysia and Australia among its vast international project portfolio. The company is incorporated in the Cayman Islands.[1] Its headquarters are in the town of Beijiao (simplified Chinese: 北滘镇; traditional Chinese: 北滘鎮; pinyin: Běijiào Zhèn), in Shunde District, Foshan.[7]

In October 2023, the company announced that it was unable to fulfill its offshore debt obligations and was subsequently deemed in default on approximately US$11 billion of bonds, making it another victim of the 2020–2023 Chinese property sector crisis.[8][9]

In July 2024, the Hong Kong High Court decided to postpone the hearing of Country Garden’s liquidation petition to January 20, 2025, giving the company some breathing room to finalize its offshore debt restructuring plan.[10][11] On January 16, 2025, the company presented a proposal to its offshore creditors aimed at reducing $11.6 billion in debt.[12]

  1. ^ a b c d e f g h "Country Garden Holdings". Fortune. Retrieved 15 August 2023.
  2. ^ a b "Country Garden Danga Bay Johor Bahru Iskandar Malaysia". Archived from the original on 2020-06-28. Retrieved 2015-04-01.
  3. ^ "Ryde Garden".
  4. ^ "董事名單與其角色和職能" (PDF). Retrieved 11 August 2023.
  5. ^ "COUNTRY GARDEN PROPERTIES - Five Stars Property Developer in Kajang & Rawang". www.countrygarden.com.my. Archived from the original on 21 June 2013. Retrieved 14 January 2022.
  6. ^ "Country Garden Holdings on the Fortune Global 500". Archived from the original on 2019-10-10. Retrieved 2019-02-14.
  7. ^ "OFFICE". Country Garden. Archived from the original on 2021-02-13. Retrieved 2021-02-05. Headquarters Address: Country Garden Center，1 Country Garden Road， Beijiao Town, Shunde District, Foshan, Guangdong 528312 PRC
  8. ^ https://asia.nikkei.com/Business/Markets/China-debt-crunch/China-s-Country-Garden-says-cannot-meet-external-debt-obligations
  9. ^ Ma, Dorothy (25 October 2023). "China Developer Country Garden Deemed in Default on Dollar Bond for First Time". Bloomberg.
  10. ^ https://www.reuters.com/markets/asia/country-garden-liquidation-hearing-adjourned-january-next-year-court-says-2024-07-29/
  11. ^ "Country Garden liquidation hearing adjourned to Jan 2025: Hong Kong court". www.business-standard.com. Archived from the original on 2024-09-10. Retrieved 2025-01-16.
  12. ^ "Country Garden proposes USD 11.6B debt restructuring ahead of January 2025 liquidation hearing". www.propnewstime.com. Retrieved 2025-01-16.
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