Guangzhou R&F Properties: Earlier this year, 70-year old Zhang admitted bribing a former San Francisco official and entered into a deferred prosecution agreement with U.S. prosecutors to avoid criminal charges, according to a court filing.
Guangzhou R&F Properties warned investors on Friday that its net loss for 2021 could widen to 17 billion yuan (US$2.5 billion) from the previously reported 8.7 billion yuan, due to an additional impairment loss.