R&F Properties turns to Hong Kong tycoon in distressed sale of London asset to trim part of US$42 billion in liabilities

By Cheryl Arcibal

Guangzhou R&F is seeking to offload a UK asset in the latest attempt to trim its debt burden. It is turning to Hong Kong tycoon Cheung Chung Kiu to survive the crisis.

Source: R&F Properties turns to Hong Kong tycoon in distressed sale of London asset to trim part of US$42 billion in liabilities