Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Guangzhou R&F Properties Co ( (HK:2777) ) has shared an update.
Guangzhou R&F Properties has issued a quarterly update on its plan to address the auditor’s disclaimer of opinion on its 2024 consolidated financial statements, which arose from significant going-concern uncertainties. The company is advancing parallel offshore and onshore debt restructuring efforts aimed at deleveraging its balance sheet, stabilising liquidity and restoring confidence among creditors and investors. Offshore, the group is progressing with a restructuring of its in-scope debt, including senior notes issued by Easy Tactic Limited and other designated offshore indebtedness, under a restructuring support agreement that has already secured backing from scheme creditors representing about 77% of the outstanding principal. Onshore, R&F is pushing ahead with a holistic restructuring of its domestic corporate bonds, using a mix of cash repurchases, asset-based settlements, trust units and extended maturities, and has already won bondholder approval for a proposal covering a domestic bond of roughly RMB1.68 billion, signaling incremental progress in resolving its debt overhang and addressing the concerns highlighted by its auditor.
The most recent analyst rating on (HK:2777) stock is a Hold with a HK$0.52 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 Chinese real estate developer engaged in property development and related businesses, with operations spanning onshore and offshore financing through subsidiaries and domestic corporate bond issuances. The group relies on both international capital markets, including U.S. dollar senior notes, and China’s onshore bond market to support its property projects and overall operations.
Average Trading Volume: 6,586,122
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.95B
For detailed information about 2777 stock, go to TipRanks’ Stock Analysis page.