Guangzhou R&F Properties Secures Approval for RMB1.68 Billion Bond Restructuring

Reuters11-11
Guangzhou R&F Properties Secures Approval for RMB1.68 Billion Bond Restructuring

Guangzhou R&F Properties Co. Ltd. announced progress in its restructuring of domestic corporate bonds, with a proposal concerning one bond, totaling approximately RMB1.68 billion in outstanding principal, having been approved at a recent bondholders' meeting. The company plans to continue the restructuring process by convening additional meetings for the remaining bonds within the scope of the restructuring. Completion of the restructuring is subject to final approval from creditors and the fulfillment or waiver of conditions set out in the creditors' resolutions. The company will provide further updates as necessary and advises investors to exercise caution when dealing in its securities.

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