Property News · February 21, 2017

R&F Properties’ Australian unit pays fine to settle dispute


Chinese developer R&F Properties said a legal dispute involving an investment in Australia, which almost sent its local subsidiary into liquidation, had been resolved after payment of a fine.
R&F Mega Property, an arm of the Hong Kong-listed and Guangzhou-based developer, which owns a high-profile residential project in Brisbane, was ordered to be wound up by the Supreme Court of the state of Victoria earlier this month. A Deloitte partner was appointed as liquidator, The Australian…

Source : South China Morning Post
Read more…R&F Properties’ Australian unit pays fine to settle dispute

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