Distressed Chinese property developer Guangzhou R&F Properties announced its long-delayed 2021 audited financial results on Sunday, reporting a net loss of RMB 16.4 billion ($2.4 billion). That figure was nearly double the loss of RMB 8.7 billion which R&F had… Read More>>
Vanke Approved for Property Management IPO and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Chinese developer Vanke gets the green light from mainland authorities to spin off its property management unit in a Hong Kong IPO, while the pending sale of Pfizer’s South Korean headquarters hits a… Read More>>
R&F Wins Extension on $5.1B in Bonds in Asia’s Largest Real Estate Debt Restructuring
Guangzhou R&F said on Monday that it has won approval from holders of 10 sets of offshore bonds to restructure the terms of the debt obligations and give the financially troubled mainland developer additional time to pay off the notes.
R&F Gets Nod to Extend Annual Report Delay and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the Hong Kong stock exchange lets developer Guangzhou R&F delay the release of its 2021 results until August, China’s international infrastructure bank mulls opening its first overseas office, and debt-stricken Evergrande rallies creditors… Read More>>
R&F Seeks Extension on $5.2B in Bonds and More Asia Real Estate Headlines
One of China’s naughtiest developers is back in the news this week as Guangzhou R&F Properties is offering investors a chance to either give it a debt extension or face a haircut. Also making the headlines is Hong Kong’s Swire… Read More>>
Guangzhou R&F Delays 2021 Results for 3rd Time, Sets August General Meeting
Guangzhou R&F Properties, a former top 10 commercial developer in China and one of the country’s biggest homebuilders, has announced a delay in the release of its 2021 audited results for a third time this year.
The Hong Kong stock… Read More>>
PwC Quits as Auditor for R&F, Shimao and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, auditors at some of China’s heavyweight property firms call it quits with annual reports still in limbo, Yuanta Securities’ Korean headquarters in the Seoul CBD changes hands, and Embassy Office Parks REIT plans… Read More>>
R&F Selling Stake in London Project at $230M Loss, PWC Resigns as Auditors
Guangzhou R&F Properties continues its retreat from London’s Nine Elms regeneration area, announcing Thursday that it plans to sell its 50 percent stake in a joint project with fellow Chinese developer CC Land to the latter firm’s boss for HK$2.66… Read More>>
R&F Pulls Plug on 10,000-Home Brisbane Project and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China’s R&F Properties scraps a high-profile residential project in Brisbane, Hong Kong developers throw their weight behind Beijing’s preferred candidate for chief executive, and home prices in Asia’s most expensive cities ease after… Read More>>
Guangzhou R&F Shares Slide After $1.3B Loss Predicted and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Guangzhou R&F’s shares plunge after the developer issues gloomy guidance, the boss of an Aussie casino operator steps down over a failure to stop malfeasance, and Shui On Land’s stock surges on sterling… Read More>>
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