R&F Properties faces auction failures, debt restructuring extension

Guangzhou R&F Properties announced the auction of Holiday Inn Guangzhou Airport Zone, collateral for several bonds, failed. The company is seeking solutions with the bank.

A property auction in Shenzhen related to a contract dispute resulted in one sale for RMB236,460, with other properties failing to sell. Additionally, 387 properties in Foshan are scheduled for public auction in August 2025 with a starting price of RMB390 million, related to a financial loan dispute.

The deadline for offshore debt restructuring has been extended to September 12, 2025. The company was added to a dishonest persons list for violating property reporting regulations.