Brief: Guangzhou R&F Properties Refers To Loan Contract Dispute Among Two Financial Institutions

Guangzhou R&F Properties

10/08/2023 05:11

Aug 10 (Reuters) - Guangzhou R&F Properties Co Ltd
 2777.HK :
    * REFERS TO LOAN CONTRACT DISPUTE AMONG TWO FINANCIAL
INSTITUTIONS
    * SHANGHAI QIFU PROPERTIES DEVELOPMENT SHALL REPAY PRINCIPAL
OF
LOAN OF RMB670.7 MILLION TO FIRST PLAINTIFF
    * SHANGHAI QIFU PROPERTIES DEVELOPMENT SHALL REPAY LOAN
PRINCIPAL
OF RMB536.6 MILLION TO SECOND PLAINTIFF
    * LITIGATION JUDGEMENT WILL NOT HAVE MATERIAL ADVERSE IMPACT
ON
CO'S NORMAL OPERATION, FINANCIAL SITUATION, REPAYMENT ABILITY
    * UNDER CIVIL JUDGMENT CO & SHANGHAI R&F PROPERTIES
DEVELOPMENT
JOINTLY LIABLE FOR PAYMENT OBLIGATIONS OF SHANGHAI QIFU

Source text for Eikon:  ID:nHKSbt896x 
Further company coverage:  2777.HK 

 ((Reuters.Briefs@thomsonreuters.com;))