Country Garden Services’ Short-Term Margins Weighed by Impairments, Pandemic Costs

Country Garden Services, or CGS, a leading property management services, or PMS, company in China was spun off into its own listing in Hong Kong by sister company, Country Garden Holdings, or CGH, in 2018. Established as the PMS business arm of CGH since 1992, CGH’s project completions have fed CGS’ robust expansion, with CGH itself going through its own strong growth.