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The latest announcement is out from Guangzhou R&F Properties Co ( (HK:2777) ).
Guangzhou R&F Properties Co. has provided a quarterly update on its action plan to address the auditor’s disclaimer of opinion on its FY2024 financial statements. The company is actively working on restructuring its offshore debt to improve financial stability and has extended the deadline for creditors to consider the restructuring proposal. Additionally, the company is making progress in settling outstanding litigations and has seen an improvement in contracted sales in April and May 2025 compared to the previous year, indicating positive momentum in its operational performance.
More about Guangzhou R&F Properties Co
Guangzhou R&F Properties Co., Ltd. is a real estate development company based in China, focusing on the development and management of residential and commercial properties. The company operates primarily in the Chinese market, offering a range of real estate products and services.
YTD Price Performance: -30.15%
Average Trading Volume: 24,991,335
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.56B
Learn more about 2777 stock on TipRanks’ Stock Analysis page.