Guangzhou R&F Properties Co (HK:2777) has released an update.
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Guangzhou R&F Properties Co., Ltd. reports challenging operating conditions for the first half of 2024 amid ongoing economic uncertainty and a sluggish property sector in China. The company is adapting by focusing on cash generation through the sale of completed properties and revenue from investment assets like retail malls and hotels. Despite the current market volatility and tight liquidity, the Group remains optimistic about a future market adjustment leading to a sustainable property sector.
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