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Guangzhou R&F Properties Faces Auction Setback in Bond Credit Strategy

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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 Guangzhou Intermediate People’s Court conducted a second auction for the Holiday Inn Guangzhou Airport Zone, which was used as collateral for certain bonds. The auction, held on the Taobao judicial auction platform, failed to secure a buyer, impacting the company’s financial strategy regarding these bonds.

More about Guangzhou R&F Properties Co

Guangzhou R&F Properties Co., Ltd. is a real estate company based in China, primarily involved in property development and management. The company focuses on residential, commercial, and hotel properties, catering to both domestic and international markets.

Average Trading Volume: 21,818,058

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$3.75B

Find detailed analytics on 2777 stock on TipRanks’ Stock Analysis page.

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