Country Garden Reports RMB 3.10 Billion New Litigation; Subsidiaries Face Intensifying Enforcement and Debt Pressures

Bulletin Express
04/30

Country Garden Holdings Company Limited (Country Garden) disclosed a series of major corporate developments as of 31 March 2026, highlighting escalating legal exposures and rising debt pressures across the group and two key subsidiaries—Country Garden Real Estate Group Co., Ltd. (CG Real Estate) and Giant Leap Construction Technology Group Co., Ltd. (Giant Leap Construction).

Country Garden Holdings • Litigation and arbitration: 18 new cases exceeding RMB 50 million each, with aggregate disputed amounts of approximately RMB 3.10 billion. • Enforcement actions: Two additional enforcement records since 25 March 2026, involving RMB 0.84 billion. The parent company itself has not been listed as a “dishonest judgment debtor”. • Overdue debts: Net increase of RMB 346.00 million in defaulted obligations during March 2026. • Asset restrictions: No new judicial freezes on equity interests were recorded.

Country Garden Real Estate Group (wholly owned subsidiary) • Litigation and arbitration: 16 new cases above RMB 50 million, totaling RMB 2.92 billion. • Enforcement actions: 12 new enforcement records, amounting to RMB 1.99 billion. • Asset freezes: Nine additional equity-freeze entries on subsidiaries/associates worth RMB 2.60 billion. • Overdue debts: Net increase of RMB 791.00 million during March 2026. • Dishonesty listings: No new designations as a dishonest judgment debtor.

Giant Leap Construction Technology Group (wholly owned subsidiary) • Litigation: No new large-scale cases in the period. • Dishonesty listings: 14 new entries as a dishonest judgment debtor between 24 March and 27 April 2026. • Enforcement actions: 123 new enforcement records involving RMB 109.00 million. • Overdue debts: No new overdue interest-bearing debts or cross-default triggers; no fresh equity freezes.

Management Response Country Garden and its subsidiaries are engaging with relevant parties to negotiate settlements and implement countermeasures aimed at protecting corporate and stakeholder interests. The group pledges ongoing compliance with disclosure obligations as situations evolve.

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