South China tiger licks its wounds as debt crisis deepens amid falling sales

R&F Properties to sell London development project for $13 cents to trim its growing debts by $800 million

Though the developer’s first-half loss narrowed, the member of the ‘Five South China Tigers’ owes $6.6 billion due within a year and lacks the funds to pay up

Transaction raises $79 million for the cash-strapped developer to apply to its looming $12 billion of debt coming due within a year

Real estate company’s credit ratings have been slashed amid ‘distressed restructuring’

The Hong Kong-listed company says it also plans to raise up to $1 billion from two key shareholders as it looks to boost liquidity

Guangzhou government leads rescue effort for development giant by loaning undisclosed sum against equity stakes in R&F’s top units

R&F chairman says firm will take ‘more conservative’ approach as authorities tighten flow of cash

Real estate developer said its 2017 net profit tripled on strong sales and improved profit margins

R&F president also says revised deal for properties was clinched within days

Guangzhou-based developer decided on purchase in three days as analysts call it a good bargain