Guangzhou R&F Properties Co (HK:2777) has released an update.
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Guangzhou R&F Properties Co., Ltd. is navigating through a tough period in the Mainland China real estate market, with liquidity and financing challenges since late 2021. The company has implemented strategies to alleviate financial pressures, such as accelerating property sales and improving cash flow, despite a slow market recovery. Additionally, recent concerns have arisen due to the missed interest payment on their Easy Tactic Notes, compelling the company to seek an amicable solution with note holders while engaging financial and legal advisors to manage offshore debts.
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