Chinese property developer R&F Properties' unit Trillion Glory faces a US$613.66 million winding-up petition from Seatown Private Credit Master Fund.
Chinese property developer Guangzhou R&F Properties' unit Trillion Glory faces a winding-up petition from Singapore-based private equity fund Seatown Private Credit Master Fund over a US$613.66 million loan. The petition was filed in Hong Kong, adding to the list of Chinese property developers facing liquidation suits from creditors. R&F stated the petition would not have a significant impact on its business.
July 09, 2024
6 Articles