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Guangzhou R&F Properties Co ( (HK:2777) ) just unveiled an update.
Guangzhou R&F Properties has disclosed that it has been officially listed as a dishonest person subject to enforcement by the Linfen City Yaodu District People’s Court in Shanxi province, following a civil case in which it was ordered to pay RMB249,176.3 plus interest, a penalty of double interest for delayed performance, and enforcement fees, all of which remain unfulfilled. The court’s move, which cites the company’s violation of an order restricting high consumption, adds to reputational and compliance pressures on the indebted developer and may further affect its standing with creditors and investors already focused on enforcement risks and corporate governance in China’s troubled property sector.
The most recent analyst rating on (HK:2777) stock is a Hold with a HK$0.53 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 and listed in Hong Kong and Shanghai, operating in the real estate sector. It issues multiple onshore bonds and is overseen by a board comprising executive, non-executive and independent non-executive directors, reflecting its profile as a sizeable mainland Chinese property developer accessing domestic capital markets.
Average Trading Volume: 6,004,753
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.88B
See more insights into 2777 stock on TipRanks’ Stock Analysis page.