FilingReader Intelligence

R&F Properties faces uncertainty amid losses, debt restructuring

April 30, 2025 at 05:45 AM UTC•By FilingReader AI

Guangzhou R&F Properties (HKEX: 2777) faces significant financial headwinds as detailed in its 2024 annual report. The company recorded a net loss of RMB17.789 billion, with current liabilities exceeding current assets by approximately RMB31.676 billion, prompting its auditor BDO Limited to issue a disclaimer opinion. The company’s total borrowings reached RMB103.018 billion, with a substantial portion due within a year.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

Primary Source Document

Annual Report 2024April 29, 2025 at 08:32 AM UTC

Supplementary Source Documents

General Mandate to Issue Shares; Re-election of Retiring Director; Approval for External Guarantees of the Company in 2025; Approval for the Grant of Authorization to the Legal Representative(s) or Authorized Person(s) to sign Composite Credit Facilities; Approval for the Issue of Direct Debt Financing Products and Asset Securitization Products in 2025; and Notice of Annual General MeetingApril 29, 2025 at 08:48 AM UTC

Guangzhou R&F Properties

HKEX:2777•Hong Kong Exchange

Real Estate

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