BRIEF-Guangzhou R&F Properties Announces Transfer Of Credit Rights For RMB564.6 Mln

Reuters

01-06

Jan 6 (Reuters) - Guangzhou R&F Properties Co Ltd

:

* REFERS TO PROPOSED DISPOSAL OF CERTAIN PROPERTIES BY GROUP TO KINETIC DEVELOPMENT GROUP

* TO TRANSFER TO KINETIC QINHUANGDAO CREDITOR'S RIGHTS HELD AGAINST QINHUANGDAO JIFU PROPERTIES FOR RMB564.6 MILLION

* AS AT JAN 6, KINETIC DEVELOPMENT GROUP HAS MADE A PARTIAL PAYMENT OF RMB564.6 MILLION UNDER AGREEMENT

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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