BRIEF-Dafa Properties Says For 8 Months, Aggregate Contracted Sales RMB574 Mln

Reuters09-30

Sept 30 (Reuters) - DaFa Properties Group Ltd :

* FOR 8 MONTHS, AGGREGATE CONTRACTED SALES RMB574 MILLION

* AS AT SEPT 30, NO WINDING-UP ORDER HAS BEEN GRANTED BY HIGH COURT

* COMPANY IS CURRENTLY ACTIVELY SEEKING LEGAL ADVICE IN RESPECT OF PETITION

* CONTINUES TO STRATEGICALLY REVIEW GROUP'S STRUCTURE, EXISTING BUSINESSES AND POTENTIAL BUSINESS OPPORTUNITIES FROM TIME TO TIME

* WILL ADOPT MEASURES, INCLUDING BUT NOT LIMITED TO PROPOSING A DEBT RESTRUCTURING PLAN TO CREDITORS OF CO

* SEEKING POSSIBLE INVESTMENT TO RAISE FUNDS FOR COMPANY.

Further company coverage:

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