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Guangzhou R&F Properties Co ( (HK:2777) ) has issued an update.
Guangzhou R&F Properties has disclosed that it and its controlled subsidiaries are involved in an enforced legal case on the mainland, with the company newly listed as a dishonest person subject to enforcement on the China Enforcement Information Disclosure Network. The Tianhe District People’s Court of Guangzhou ordered the company to pay RMB1.54 million in a lump sum, an obligation it has not yet fulfilled, underscoring ongoing legal and credit pressures that may concern bondholders and other creditors monitoring the developer’s enforcement records and repayment capacity.
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 PRC-incorporated real estate developer listed in Hong Kong and Shanghai, active in the property sector and a frequent issuer in the onshore bond market, as indicated by its multiple exchange-traded bond series referenced in the announcement.
YTD Price Performance: -61.76%
Average Trading Volume: 6,547,747
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.95B
For an in-depth examination of 2777 stock, go to TipRanks’ Overview page.