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An announcement from Guangzhou R&F Properties Co ( (HK:2777) ) is now available.
Guangzhou R&F Properties Co., Ltd. has announced the successful passage of a restructuring proposal for one of its domestic corporate bonds, valued at approximately RMB1.68 billion, during a bondholders’ meeting. The company plans to continue the restructuring process by holding additional meetings for the remaining bonds, with completion contingent upon creditor approval and satisfaction of conditions precedent. This restructuring is part of the company’s efforts to manage its financial obligations and stabilize its operations.
The most recent analyst rating on (HK:2777) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Guangzhou R&F Properties Co stock, see the HK:2777 Stock Forecast page.
More about Guangzhou R&F Properties Co
Guangzhou R&F Properties Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China, operating primarily in the real estate sector. The company focuses on property development, sales, and management, catering to both domestic and international markets.
Average Trading Volume: 14,860,317
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.99B
Find detailed analytics on 2777 stock on TipRanks’ Stock Analysis page.