A bird’s-eye view of Xiancun, or Xian village, an urban village in the Guangdong provincial capital of Guangzhou city on November 19, 2019. Photo: Imaginechina A bird’s-eye view of Xiancun, or Xian village, an urban village in the Guangdong provincial capital of Guangzhou city on November 19, 2019. Photo: Imaginechina
A bird’s-eye view of Xiancun, or Xian village, an urban village in the Guangdong provincial capital of Guangzhou city on November 19, 2019. Photo: Imaginechina

R&F pledges stakes with US$10 billion in assets under Guangzhou authority’s ward to avoid falling foul of ‘three red lines’ on debt

  • Guangzhou R&F Properties pledged shares in three companies with US$10 billion in combined assets to state-owned Guangzhou City Construction Investment Group, Fang.com reported
  • The pledges comprise 25 per cent of Sheungjin Real Estate Development, which owns the six-year-old office project Yingkai Square in Tianhe district; 50 per cent of Guangzhou Fujing Jishan Real Estate Development with a 20.6 billion yuan (US$3.18 billion) project at Jishan Village in Tianhe, and 100 per cent of Tianli Construction

Topic |   Dealing with debt
A bird’s-eye view of Xiancun, or Xian village, an urban village in the Guangdong provincial capital of Guangzhou city on November 19, 2019. Photo: Imaginechina A bird’s-eye view of Xiancun, or Xian village, an urban village in the Guangdong provincial capital of Guangzhou city on November 19, 2019. Photo: Imaginechina
A bird’s-eye view of Xiancun, or Xian village, an urban village in the Guangdong provincial capital of Guangzhou city on November 19, 2019. Photo: Imaginechina
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