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R&F Properties Outlines Looming Debt Crisis
30 Aug 2024 00:35 GMT
Guangzhou R&F Properties Co. Ltd. has 48.1 billion yuan ($6.6 billion) of debt due within a year with less than 10 billion yuan on hand as of the end of June, the southern China property developer disclosed.
Even though R&F extended some debt last …
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Chinese developer R&F Properties defaults on US$147 million bond interest payments
12 Aug 2024 05:19 GMT
Chinese developer R&F Properties missed interest payments on three offshore notes in another sign of escalating troubles for the country’s home builders amid a gruelling property market downturn.
The developer failed to pay interest on three dollar- …
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Unit of Chinese developer R&F Properties faces winding-up petition from Singapore fund
09 Jul 2024 11:24 GMT
Singapore-based Seatown Private Credit Master Fund has filed a winding-up petition against a unit of Guangzhou R&F Properties over unpaid principal and interest of about US$614 million, according to a filing by the embattled developer.
A hearing for …
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China’s Guangzhou R&F Properties Faces Liquidation Petition
09 Jul 2024 10:50 GMT
Guangzhou R&F Properties is the latest Chinese property developer facing a liquidation suit filed by creditors.
The cash-strapped R&F said on Tuesday its unit Trillion Glory had received a winding-up petition from a Singapore-based private equity …
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China's Guangzhou R&F Properties faces liquidation petition in Hong Kong
09 Jul 2024 08:01 GMT
(Reuters) -- Chinese property developer Guangzhou R&F Properties said on Tuesday its unit Trillion Glory had received a winding-up petition from a Singapore-based private equity fund due to non-repayment of a loan.
The petition was filed on Monday at a …
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Chinese developer Guangzhou R&F Properties faces liquidation petition in Hong Kong
09 Jul 2024 07:36 GMT
HONG KONG - Chinese property developer Guangzhou R&F Properties said on July 9 that its unit Trillion Glory had received a winding-up petition from a Singapore-based private equity fund due to non-repayment of a loan.
The petition was filed on July 8 …
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China’s Guangzhou R&F Properties faces liquidation petition in Hong Kong
09 Jul 2024 05:47 GMT
(Reuters) -Chinese property developer Guangzhou R&F Properties said on Tuesday its unit Trillion Glory had received a winding-up petition from a Singapore-based private equity fund due to non-repayment of a loan.
The petition was filed on Monday at a …
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The global tremors from China’s real estate crisis are only starting
11 Feb 2024 02:22 GMT
Now, a new batch of overseas assets acquired in a decade-long Chinese expansion spree are starting to hit the market as landlords and developers decide they want cash now to shore up domestic operations and pay off debts – even if that means taking a …
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The Global Tremors From China’s Real Estate Crisis Are Only Just Starting
09 Feb 2024 06:50 GMT
(Bloomberg) -- Chinese investors and their creditors are putting up “For Sale” signs on real estate holdings across the globe as the need to raise cash amid a deepening property crisis at home trumps the risks of offloading into a falling market. The …
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China property shares jump as major cities ease buying curbs
30 Sep 2024 04:22 GMT
HONG KONG: Shares of China property developers surged on Monday (Sep 30) after first-tier cities eased curbs on home purchases, soon after the Politburo pledged to halt declines in the housing market.
Hong Kong's Hang Seng Mainland Properties Index …