Country Garden Services Holdings Co Ltd

06098: XHKG (HKG)

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Country Garden Services: Impairment on Subsidiary Has No Material Impact on Our Valuation

Jeff Zhang

Jan 14, 2025

Country Garden Services, or CGS, has incurred a CNY 0.8 billion-CNY 1.1 billion impairment of goodwill and intangible assets in 2024, mainly due to the unfavorable outcome of prior expansion and extended receivable days on its subsidiary, Manguo Environmental Technology.

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Country Garden Services Holdings Co Ltd

Country Garden Services: Impairment on Subsidiary Has No Material Impact on Our Valuation

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