According to Titan Media App on August 8, R&F Properties stated in the announcement that as of the end of 2021, R&F Properties’ bank loans, domestic bonds, senior notes and other borrowings (including accrued expenses and other payables) totaled 137.171 billion yuan. RMB 70 billion of which will be due for repayment within the next 12 months, but the group only has total cash (including restricted cash) of RMB 21.104 billion. The Group was unable to repay certain bank and other borrowings of RMB 7.007 billion according to the scheduled repayment date. After December 31, 2021, the Group was unable to repay certain bank and other borrowings due from January and up to the date of approval of the consolidated financial statements 10.029 billion yuan. As a result, certain bank and other borrowings with a total principal amount of RMB 29.883 billion have defaulted or cross-defaulted. (Source: Surging)
media coverage
Titanium Media
Related events
- R&F Properties: 29.883 billion yuan of bank and other loans have defaulted or cross-defaulted 2022-08-08
- R&F Real Estate sells London property for £95.7 million, and Far East Development takes over 2022-03-16
- R&F Real Estate said it may not be able to honor the notes due on the 13th of next month2021-12-16
- R&F responds to rumors that some hotels are planning to spin off and list: no timetable has been clarified2020-09-18
- The debt of 286.3 billion exceeds the debt limit of Guangzhou, and the darkest moment of the decline of the noble R&F Real Estate2018-11-07
This article is reprinted from: https://readhub.cn/topic/8ijpY8J8Pb2
This site is for inclusion only, and the copyright belongs to the original author.