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Guangzhou R&F Properties Co ( (HK:2777) ) has shared an update.
Guangzhou R&F Properties Co has entered into a Disposal Framework Agreement involving the transfer of 100% equity interest in a target company to Kinetic Qinhuangdao at nil consideration. This transaction also includes the transfer of creditor’s rights valued at RMB617,394,474.7 to Kinetic Qinhuangdao for RMB564,625,000, which will be offset against a debt transfer. The transaction, which impacts the company’s financial operations and strategic restructuring, is considered a discloseable transaction under Hong Kong’s Listing Rules, requiring specific regulatory reporting and announcement.
More about Guangzhou R&F Properties Co
Guangzhou R&F Properties Co is a joint stock limited company based in the People’s Republic of China. The company operates in the real estate industry, focusing on property development and sales. Its market focus includes residential and commercial properties, making it a significant player in China’s real estate sector.
YTD Price Performance: 7.83%
Average Trading Volume: 640
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $636.9M
For a thorough assessment of 2777 stock, go to TipRanks’ Stock Analysis page.