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Guangzhou R&F Properties Co ( (HK:2777) ) has shared an update.
Guangzhou R&F Properties Co., Ltd. has provided an update on its action plan to address the auditor’s disclaimer of opinion on its FY2024 financial statements due to uncertainties related to going concern. The company is actively engaged in offshore restructuring to manage its debt, involving discussions with key creditors to revise terms beneficial to stakeholders. Additionally, the company is undertaking an onshore restructuring of its domestic corporate bonds, offering various options to bondholders to address its financial obligations. These restructuring efforts aim to enhance the company’s financial stability and long-term value for stakeholders.
The most recent analyst rating on (HK:2777) stock is a Hold with a HK$1.00 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 real estate company based in China, primarily focused on property development and management. The company operates within the real estate industry, offering a range of residential, commercial, and hotel properties, with a market focus on urban development projects.
Average Trading Volume: 43,037,001
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$2.51B
Find detailed analytics on 2777 stock on TipRanks’ Stock Analysis page.