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]

  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.