Core Viewpoint - R&F Properties (02777) is facing significant financial challenges, leading to a proposed restructuring of its domestic bonds due to a substantial loss and declining revenue [1] Financial Performance - In the first half of the year, R&F Properties reported a revenue of 5.765 billion RMB, a year-on-year decrease of 59.43% [1] - The company recorded a loss attributable to shareholders of 4.046 billion RMB, which represents a year-on-year increase of 73.6% [1] Bond Restructuring Proposal - R&F Properties announced a preliminary plan to provide a comprehensive restructuring scheme for domestic bondholders, which includes six options: cash buyback, debt-for-asset swaps, receivables trust shares, asset trust shares, equity economic rights payment, and full debt extension [1] - The restructuring involves six bonds with an outstanding principal balance exceeding 12.2 billion RMB [1] Market Reaction - Following the announcement, R&F Properties' stock price dropped over 4%, trading at 0.71 HKD with a transaction volume of 6.2197 million HKD [1] - The company has been removed from the Hong Kong Stock Connect list, effective from September 8 [1]
富力地产跌超4% 拟进行境内公司债券重组 近期被剔除港股通名单