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Guangzhou R&F Properties Co ( (HK:2777) ) has issued an update.
Guangzhou R&F Properties Co., Ltd. has disclosed a major litigation involving its Chongqing subsidiary, which has been sued by Chongqing Chiwei Real Estate Co., Ltd. for allegedly failing to meet loan repayment obligations. The case has been filed with the People’s Court of Shapingba District in Chongqing, highlighting the group’s ongoing exposure to credit-related disputes amid a challenging property market.
The claimant is seeking repayment of a loan principal of RMB303.4 million plus unpaid and default interest, bringing the total claimed amount to about RMB310.25 million as of early March 2026. Chongqing Chiwei is also asking the court to grant it priority recourse to proceeds from the disposal of specific land plots owned by the defendant in Chongqing, underscoring potential enforcement risks over pledged property assets for creditors and investors.
More about Guangzhou R&F Properties Co
Guangzhou R&F Properties Co., Ltd. is a PRC-incorporated real estate developer focused on property projects in mainland China, with listings in Hong Kong and bonds quoted in the onshore market. The group operates through various regional subsidiaries, including entities in Chongqing, and finances its operations partly through RMB-denominated loans and bond issuances.
Average Trading Volume: 6,150,218
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.58B
Learn more about 2777 stock on TipRanks’ Stock Analysis page.