Guangzhou R&F Properties Co ( (HK:2777) ) has provided an announcement.
Guangzhou R&F Properties Co., Ltd. announced the progress of a material matter concerning bond credit enhancement measures. The company disclosed that the first auction of the Holiday Inn Guangzhou Airport Zone, used as collateral for certain bonds, has failed. In response, the company is actively communicating with the bank involved to protect bondholders’ rights and aims to reach a suitable resolution.
More about Guangzhou R&F Properties Co
Guangzhou R&F Properties Co., Ltd. is a real estate company based in China, primarily engaged in property development and management. The company focuses on developing residential, commercial, and hotel properties, catering to a diverse market segment within the real estate industry.
YTD Price Performance: -16.47%
Technical Sentiment Signal: Buy
Current Market Cap: $507.7M
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