07 Feb R&F Properties turns to Hong Kong tycoon in distressed sale of London asset to trim part of US$42 billion in liabilities
Posted at 12:07h
in Asia
Guangzhou R&F Properties, a defaulted Chinese developer, is banking on Hong Kong tycoon Cheung Chung Kiu in a distressed sale of its asset in London, the latest attempt to help trim US$42 billion of liabilities and survive a three-year slump in China’s housing market.The...