Guangzhou R&F Properties said it may not be able to sell assets in time to buy back some of its offshore bonds, as one of China’s largest and most indebted developers struggles to meet its debt obligations amid a sinking real estate market.The actual amount of funds that can be received from selling certain assets may be less than the previous estimate of US$300 million, R&F said.“Due to the continued volatility in the property sector in China, proceeds from certain asset sales contemplated by …
Source : South China Morning Post
Read more…China property debt crisis: R&F warns its asset sales may not meet bond repurchase deadline in a slumping real estate market
