Guangzhou R&F Properties Co (HK:2777) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Guangzhou R&F Properties Co. has announced that one of its subsidiaries, which holds assets including 68 hotels and an office building, is facing a winding-up petition for the non-repayment of a portion of a $613.66 million loan. The company believes the petition will not significantly impact its operations and is in talks with the petitioner to reach an amicable resolution. Shareholders and potential investors are cautioned to exercise care when dealing in the company’s shares.
For further insights into HK:2777 stock, check out TipRanks’ Stock Analysis page.
