Chinese property developer Guangzhou R&F Properties is facing a lawsuit from two creditors, seeking the former’s bankruptcy restructuring, Reuters reported, citing notices in a database of the National Enterprise Bankruptcy Information Disclosure Platform, China.
HONG KONG/BEIJING (Reuters) -Two creditors of China s Guangzhou R&F Properties have sued the property developer to seek a bankruptcy restructuring, notices in an official database showed, deploying a rare court tactic against a mid-sized firm of its kind.
Guangzhou R&F Properties: While many developers, including R&F, have faced legal action by creditors for non-repayment, such restructuring requests to Chinese courts are uncommon, as government officials usually step in to mediate, developers and lawyers said.
HONG KONG/BEIJING :Two creditors of China's Guangzhou R&F Properties have sued the property developer to seek a bankruptcy restructuring, notices in an official database showed, deploying a rare court tactic against a mid-sized firm of its kind. While many developers, including R&F, have faced legal action by
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